Sea lion predation donations

AN ACT Relating to providing for donations to the sea lion 1
predation control account at the time of vessel registration for the 2
purpose of salmon level preservation; reenacting and amending RCW 3
43.84.092, 43.84.092, 43.84.092, 43.84.092, 43.84.092, and 43.84.092; 4
adding new sections to chapter 88.02 RCW; providing effective dates; 5
providing a contingent effective date; providing expiration dates; 6
and providing contingent expiration dates. 7
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:8
NEW SECTION. Sec. 1. A new section is added to chapter 88.02 9
RCW to read as follows: 10
(1) The department, county auditor or other agent, or subagent 11
appointed by the director must provide an opportunity for a vessel 12
owner to make a voluntary donation as provided in this section when 13
applying for an initial or renewal vessel registration.14
(2) A vessel owner who registers a vessel under this chapter may 15
donate $1 or more, in whole dollar increments, for salmon 16
preservation by the management of pinniped populations in the lower 17
Columbia river area. The donation of $1 or more is voluntary and may 18
be refused by the vessel owner. 19
S-3505.1
SENATE BILL 5851
State of Washington 69th Legislature 2026 Regular Session
By Senators J. Wilson, Braun, Gildon, Holy, McCune, Boehnke, Wagoner,
Dozier, Goehner, Harris, Christian, Schoesler, Torres, Short,
Warnick, Muzzall, Fortunato, and Liias
Prefiled 12/08/25. Read first time 01/12/26. Referred to Committee
on Ways & Means.
p. 1 SB 5851
(3) All donations made under this section must be deposited in 1
the sea lion predation control account created in section 2 of this 2
act. 3
NEW SECTION. Sec. 2. A new section is added to chapter 88.02 4
RCW to read as follows: 5
The sea lion predation control account is created in the state 6
treasury. All receipts from donations received under section 1 of 7
this act must be deposited into the account. Moneys in the account 8
may be spent only after appropriation. Expenditures from the account 9
may be used only for activities related to preserving the salmon 10
levels by the management and control of the pinniped population in 11
the lower Columbia river area. Funds from the account may not be used 12
to supplant existing funds received by the department of fish and 13
wildlife or other state agencies for pinniped management and control 14
in the lower Columbia river area. 15
Sec. 3. RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15, 16
2025 c 359 s 12, and 2025 c 299 s 21 are each reenacted and amended 17
to read as follows: 18
(1) All earnings of investments of surplus balances in the state 19
treasury shall be deposited to the treasury income account, which 20
account is hereby established in the state treasury.21
(2) The treasury income account shall be utilized to pay or 22
receive funds associated with federal programs as required by the 23
federal cash management improvement act of 1990. The treasury income 24
account is subject in all respects to chapter 43.88 RCW, but no 25
appropriation is required for refunds or allocations of interest 26
earnings required by the cash management improvement act. Refunds of 27
interest to the federal treasury required under the cash management 28
improvement act fall under RCW 43.88.180 and shall not require 29
appropriation. The office of financial management shall determine the 30
amounts due to or from the federal government pursuant to the cash 31
management improvement act. The office of financial management may 32
direct transfers of funds between accounts as deemed necessary to 33
implement the provisions of the cash management improvement act, and 34
this subsection. Refunds or allocations shall occur prior to the 35
distributions of earnings set forth in subsection (4) of this 36
section. 37
p. 2 SB 5851
(3) Except for the provisions of RCW 43.84.160, the treasury 1
income account may be utilized for the payment of purchased banking 2
services on behalf of treasury funds including, but not limited to, 3
depository, safekeeping, and disbursement functions for the state 4
treasury and affected state agencies. The treasury income account is 5
subject in all respects to chapter 43.88 RCW, but no appropriation is 6
required for payments to financial institutions. Payments shall occur 7
prior to distribution of earnings set forth in subsection (4) of this 8
section. 9
(4) Monthly, the state treasurer shall distribute the earnings 10
credited to the treasury income account. The state treasurer shall 11
credit the general fund with all the earnings credited to the 12
treasury income account except: 13
(a) The following accounts and funds shall receive their 14
proportionate share of earnings based upon each account's and fund's 15
average daily balance for the period: The abandoned recreational 16
vehicle disposal account, the aeronautics account, the Alaskan Way 17
viaduct replacement project account, the ambulance transport fund, 18
the budget stabilization account, the capital vessel replacement 19
account, the capitol building construction account, the Central 20
Washington University capital projects account, the charitable, 21
educational, penal and reformatory institutions account, the Chehalis 22
basin account, the Chehalis basin taxable account, the clean fuels 23
credit account, the clean fuels transportation investment account, 24
the cleanup settlement account, the Columbia river basin water supply 25
development account, the Columbia river basin taxable bond water 26
supply development account, the Columbia river basin water supply 27
revenue recovery account, the common school construction fund, the 28
community forest trust account, the connecting Washington account, 29
the county arterial preservation account, the county criminal justice 30
assistance account, the covenant homeownership account, the deferred 31
compensation administrative account, the deferred compensation 32
principal account, the department of licensing services account, the 33
department of retirement systems expense account, the developmental 34
disabilities community services account, the diesel idle reduction 35
account, the opioid abatement settlement account, the drinking water 36
assistance account, the administrative subaccount of the drinking 37
water assistance account, the driver education safety improvement 38
account, the early learning facilities development account, the early 39
learning facilities revolving account, the Eastern Washington 40
p. 3 SB 5851
University capital projects account, the education legacy trust 1
account, the election account, the electric vehicle account, the 2
energy freedom account, the energy recovery act account, the 3
essential rail assistance account, The Evergreen State College 4
capital projects account, the fair start for kids account, the family 5
medicine workforce development account, the ferry bond retirement 6
fund, the fish, wildlife, and conservation account, the freight 7
mobility investment account, the freight mobility multimodal account, 8
the grade crossing protective fund, the higher education retirement 9
plan supplemental benefit fund, the Washington student loan account, 10
the highway bond retirement fund, the highway infrastructure account, 11
the highway safety fund, the hospital safety net assessment fund, the 12
Interstate 5 bridge replacement project account, the Interstate 405 13
and state route number 167 express toll lanes account, the judges' 14
retirement account, the judicial retirement administrative account, 15
the judicial retirement principal account, the limited fish and 16
wildlife account, the local leasehold excise tax account, the local 17
real estate excise tax account, the local sales and use tax account, 18
the marine resources stewardship trust account, the medical aid 19
account, the money-purchase retirement savings administrative 20
account, the money-purchase retirement savings principal account, the 21
motor vehicle fund, the motorcycle safety education account, the move 22
ahead WA account, the move ahead WA flexible account, the multimodal 23
transportation account, the multiuse roadway safety account, the 24
municipal criminal justice assistance account, the oyster reserve 25
land account, the pension funding stabilization account, the 26
perpetual surveillance and maintenance account, the pilotage account, 27
the pollution liability insurance agency underground storage tank 28
revolving account, the medicaid access program account, the public 29
employees' retirement system plan 1 account, the public employees' 30
retirement system combined plan 2 and plan 3 account, the public 31
facilities construction loan revolving account, the public health 32
supplemental account, the public works assistance account, the Puget 33
Sound capital construction account, the Puget Sound ferry operations 34
account, the Puget Sound Gateway facility account, the Puget Sound 35
taxpayer accountability account, the real estate appraiser commission 36
account, the recreational vehicle account, the regional mobility 37
grant program account, the reserve officers' relief and pension 38
principal fund, the resource management cost account, the rural 39
arterial trust account, the rural mobility grant program account, the 40
p. 4 SB 5851
rural Washington loan fund, the sea lion predation control account, 1
the second injury fund, the sexual assault prevention and response 2
account, the site closure account, the skilled nursing facility 3
safety net trust fund, the small city pavement and sidewalk account, 4
the special category C account, the special wildlife account, the 5
state hazard mitigation revolving loan account, the state investment 6
board expense account, the state investment board commingled trust 7
fund accounts, the state patrol highway account, the state 8
reclamation revolving account, the state route number 520 civil 9
penalties account, the state route number 520 corridor account, the 10
statewide broadband account, the statewide tourism marketing account, 11
the supplemental pension account, the Tacoma Narrows toll bridge 12
account, the teachers' retirement system plan 1 account, the 13
teachers' retirement system combined plan 2 and plan 3 account, the 14
tobacco prevention and control account, the tobacco settlement 15
account, the toll facility bond retirement account, the 16
transportation 2003 account (nickel account), the transportation 17
equipment fund, the JUDY transportation future funding program 18
account, the transportation improvement account, the transportation 19
improvement board bond retirement account, the transportation 20
infrastructure account, the transportation partnership account, the 21
traumatic brain injury account, the tribal opioid prevention and 22
treatment account, the University of Washington bond retirement fund, 23
the University of Washington building account, the voluntary cleanup 24
account, the volunteer firefighters' relief and pension principal 25
fund, the volunteer firefighters' and reserve officers' 26
administrative fund, the vulnerable roadway user education account, 27
the Washington judicial retirement system account, the Washington law 28
enforcement officers' and firefighters' system plan 1 retirement 29
account, the Washington law enforcement officers' and firefighters' 30
system plan 2 retirement account, the Washington public safety 31
employees' plan 2 retirement account, the Washington school 32
employees' retirement system combined plan 2 and 3 account, the 33
Washington state patrol retirement account, the Washington State 34
University building account, the Washington State University bond 35
retirement fund, the water pollution control revolving administration 36
account, the water pollution control revolving fund, the Western 37
Washington University capital projects account, the Yakima integrated 38
plan implementation account, the Yakima integrated plan 39
implementation revenue recovery account, and the Yakima integrated 40
p. 5 SB 5851
plan implementation taxable bond account. Earnings derived from 1
investing balances of the agricultural permanent fund, the normal 2
school permanent fund, the permanent common school fund, the 3
scientific permanent fund, and the state university permanent fund 4
shall be allocated to their respective beneficiary accounts.5
(b) Any state agency that has independent authority over accounts 6
or funds not statutorily required to be held in the state treasury 7
that deposits funds into a fund or account in the state treasury 8
pursuant to an agreement with the office of the state treasurer shall 9
receive its proportionate share of earnings based upon each account's 10
or fund's average daily balance for the period. 11
(5) In conformance with Article II, section 37 of the state 12
Constitution, no treasury accounts or funds shall be allocated 13
earnings without the specific affirmative directive of this section.14
Sec. 4. RCW 43.84.092 and 2025 c 417 s 802, 2025 c 399 s 15, and 15
2025 c 299 s 21 are each reenacted and amended to read as follows:16
(1) All earnings of investments of surplus balances in the state 17
treasury shall be deposited to the treasury income account, which 18
account is hereby established in the state treasury.19
(2) The treasury income account shall be utilized to pay or 20
receive funds associated with federal programs as required by the 21
federal cash management improvement act of 1990. The treasury income 22
account is subject in all respects to chapter 43.88 RCW, but no 23
appropriation is required for refunds or allocations of interest 24
earnings required by the cash management improvement act. Refunds of 25
interest to the federal treasury required under the cash management 26
improvement act fall under RCW 43.88.180 and shall not require 27
appropriation. The office of financial management shall determine the 28
amounts due to or from the federal government pursuant to the cash 29
management improvement act. The office of financial management may 30
direct transfers of funds between accounts as deemed necessary to 31
implement the provisions of the cash management improvement act, and 32
this subsection. Refunds or allocations shall occur prior to the 33
distributions of earnings set forth in subsection (4) of this 34
section. 35
(3) Except for the provisions of RCW 43.84.160, the treasury 36
income account may be utilized for the payment of purchased banking 37
services on behalf of treasury funds including, but not limited to, 38
depository, safekeeping, and disbursement functions for the state 39
p. 6 SB 5851
treasury and affected state agencies. The treasury income account is 1
subject in all respects to chapter 43.88 RCW, but no appropriation is 2
required for payments to financial institutions. Payments shall occur 3
prior to distribution of earnings set forth in subsection (4) of this 4
section. 5
(4) Monthly, the state treasurer shall distribute the earnings 6
credited to the treasury income account. The state treasurer shall 7
credit the general fund with all the earnings credited to the 8
treasury income account except: 9
(a) The following accounts and funds shall receive their 10
proportionate share of earnings based upon each account's and fund's 11
average daily balance for the period: The abandoned recreational 12
vehicle disposal account, the aeronautics account, the Alaskan Way 13
viaduct replacement project account, the ambulance transport fund, 14
the budget stabilization account, the capital vessel replacement 15
account, the capitol building construction account, the Central 16
Washington University capital projects account, the charitable, 17
educational, penal and reformatory institutions account, the Chehalis 18
basin account, the Chehalis basin taxable account, the clean fuels 19
credit account, the clean fuels transportation investment account, 20
the cleanup settlement account, the Columbia river basin water supply 21
development account, the Columbia river basin taxable bond water 22
supply development account, the Columbia river basin water supply 23
revenue recovery account, the common school construction fund, the 24
community forest trust account, the connecting Washington account, 25
the county arterial preservation account, the county criminal justice 26
assistance account, the covenant homeownership account, the deferred 27
compensation administrative account, the deferred compensation 28
principal account, the department of licensing services account, the 29
department of retirement systems expense account, the developmental 30
disabilities community services account, the diesel idle reduction 31
account, the opioid abatement settlement account, the drinking water 32
assistance account, the administrative subaccount of the drinking 33
water assistance account, the driver education safety improvement 34
account, the early learning facilities development account, the early 35
learning facilities revolving account, the Eastern Washington 36
University capital projects account, the education legacy trust 37
account, the election account, the electric vehicle account, the 38
energy freedom account, the energy recovery act account, the 39
essential rail assistance account, The Evergreen State College 40
p. 7 SB 5851
capital projects account, the fair start for kids account, the family 1
medicine workforce development account, the ferry bond retirement 2
fund, the fish, wildlife, and conservation account, the freight 3
mobility investment account, the freight mobility multimodal account, 4
the grade crossing protective fund, the higher education retirement 5
plan supplemental benefit fund, the Washington student loan account, 6
the highway bond retirement fund, the highway infrastructure account, 7
the highway safety fund, the hospital safety net assessment fund, the 8
Interstate 5 bridge replacement project account, the Interstate 405 9
and state route number 167 express toll lanes account, the judges' 10
retirement account, the judicial retirement administrative account, 11
the judicial retirement principal account, the limited fish and 12
wildlife account, the local leasehold excise tax account, the local 13
real estate excise tax account, the local sales and use tax account, 14
the marine resources stewardship trust account, the medical aid 15
account, the money-purchase retirement savings administrative 16
account, the money-purchase retirement savings principal account, the 17
motor vehicle fund, the motorcycle safety education account, the move 18
ahead WA account, the move ahead WA flexible account, the multimodal 19
transportation account, the multiuse roadway safety account, the 20
municipal criminal justice assistance account, the oyster reserve 21
land account, the pension funding stabilization account, the 22
perpetual surveillance and maintenance account, the pilotage account, 23
the pollution liability insurance agency underground storage tank 24
revolving account, the public employees' retirement system plan 1 25
account, the public employees' retirement system combined plan 2 and 26
plan 3 account, the public facilities construction loan revolving 27
account, the public health supplemental account, the public works 28
assistance account, the Puget Sound capital construction account, the 29
Puget Sound ferry operations account, the Puget Sound Gateway 30
facility account, the Puget Sound taxpayer accountability account, 31
the real estate appraiser commission account, the recreational 32
vehicle account, the regional mobility grant program account, the 33
reserve officers' relief and pension principal fund, the resource 34
management cost account, the rural arterial trust account, the rural 35
mobility grant program account, the rural Washington loan fund, the 36
sea lion predation control account, the second injury fund, the 37
sexual assault prevention and response account, the site closure 38
account, the skilled nursing facility safety net trust fund, the 39
small city pavement and sidewalk account, the special category C 40
p. 8 SB 5851
account, the special wildlife account, the state hazard mitigation 1
revolving loan account, the state investment board expense account, 2
the state investment board commingled trust fund accounts, the state 3
patrol highway account, the state reclamation revolving account, the 4
state route number 520 civil penalties account, the state route 5
number 520 corridor account, the statewide broadband account, the 6
statewide tourism marketing account, the supplemental pension 7
account, the Tacoma Narrows toll bridge account, the teachers' 8
retirement system plan 1 account, the teachers' retirement system 9
combined plan 2 and plan 3 account, the tobacco prevention and 10
control account, the tobacco settlement account, the toll facility 11
bond retirement account, the transportation 2003 account (nickel 12
account), the transportation equipment fund, the JUDY transportation 13
future funding program account, the transportation improvement 14
account, the transportation improvement board bond retirement 15
account, the transportation infrastructure account, the 16
transportation partnership account, the traumatic brain injury 17
account, the tribal opioid prevention and treatment account, the 18
University of Washington bond retirement fund, the University of 19
Washington building account, the voluntary cleanup account, the 20
volunteer firefighters' relief and pension principal fund, the 21
volunteer firefighters' and reserve officers' administrative fund, 22
the vulnerable roadway user education account, the Washington 23
judicial retirement system account, the Washington law enforcement 24
officers' and firefighters' system plan 1 retirement account, the 25
Washington law enforcement officers' and firefighters' system plan 2 26
retirement account, the Washington public safety employees' plan 2 27
retirement account, the Washington school employees' retirement 28
system combined plan 2 and 3 account, the Washington state patrol 29
retirement account, the Washington State University building account, 30
the Washington State University bond retirement fund, the water 31
pollution control revolving administration account, the water 32
pollution control revolving fund, the Western Washington University 33
capital projects account, the Yakima integrated plan implementation 34
account, the Yakima integrated plan implementation revenue recovery 35
account, and the Yakima integrated plan implementation taxable bond 36
account. Earnings derived from investing balances of the agricultural 37
permanent fund, the normal school permanent fund, the permanent 38
common school fund, the scientific permanent fund, and the state 39
p. 9 SB 5851
university permanent fund shall be allocated to their respective 1
beneficiary accounts. 2
(b) Any state agency that has independent authority over accounts 3
or funds not statutorily required to be held in the state treasury 4
that deposits funds into a fund or account in the state treasury 5
pursuant to an agreement with the office of the state treasurer shall 6
receive its proportionate share of earnings based upon each account's 7
or fund's average daily balance for the period. 8
(5) In conformance with Article II, section 37 of the state 9
Constitution, no treasury accounts or funds shall be allocated 10
earnings without the specific affirmative directive of this section.11
Sec. 5. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 12
2025 c 359 s 13, and 2025 c 299 s 22 are each reenacted and amended 13
to read as follows: 14
(1) All earnings of investments of surplus balances in the state 15
treasury shall be deposited to the treasury income account, which 16
account is hereby established in the state treasury.17
(2) The treasury income account shall be utilized to pay or 18
receive funds associated with federal programs as required by the 19
federal cash management improvement act of 1990. The treasury income 20
account is subject in all respects to chapter 43.88 RCW, but no 21
appropriation is required for refunds or allocations of interest 22
earnings required by the cash management improvement act. Refunds of 23
interest to the federal treasury required under the cash management 24
improvement act fall under RCW 43.88.180 and shall not require 25
appropriation. The office of financial management shall determine the 26
amounts due to or from the federal government pursuant to the cash 27
management improvement act. The office of financial management may 28
direct transfers of funds between accounts as deemed necessary to 29
implement the provisions of the cash management improvement act, and 30
this subsection. Refunds or allocations shall occur prior to the 31
distributions of earnings set forth in subsection (4) of this 32
section. 33
(3) Except for the provisions of RCW 43.84.160, the treasury 34
income account may be utilized for the payment of purchased banking 35
services on behalf of treasury funds including, but not limited to, 36
depository, safekeeping, and disbursement functions for the state 37
treasury and affected state agencies. The treasury income account is 38
subject in all respects to chapter 43.88 RCW, but no appropriation is 39
p. 10 SB 5851
required for payments to financial institutions. Payments shall occur 1
prior to distribution of earnings set forth in subsection (4) of this 2
section. 3
(4) Monthly, the state treasurer shall distribute the earnings 4
credited to the treasury income account. The state treasurer shall 5
credit the general fund with all the earnings credited to the 6
treasury income account except: 7
(a) The following accounts and funds shall receive their 8
proportionate share of earnings based upon each account's and fund's 9
average daily balance for the period: The abandoned recreational 10
vehicle disposal account, the aeronautics account, the Alaskan Way 11
viaduct replacement project account, the budget stabilization 12
account, the capital vessel replacement account, the capitol building 13
construction account, the Central Washington University capital 14
projects account, the charitable, educational, penal and reformatory 15
institutions account, the Chehalis basin account, the Chehalis basin 16
taxable account, the clean fuels credit account, the clean fuels 17
transportation investment account, the cleanup settlement account, 18
the Columbia river basin water supply development account, the 19
Columbia river basin taxable bond water supply development account, 20
the Columbia river basin water supply revenue recovery account, the 21
common school construction fund, the community forest trust account, 22
the connecting Washington account, the county arterial preservation 23
account, the county criminal justice assistance account, the covenant 24
homeownership account, the deferred compensation administrative 25
account, the deferred compensation principal account, the department 26
of licensing services account, the department of retirement systems 27
expense account, the developmental disabilities community services 28
account, the diesel idle reduction account, the opioid abatement 29
settlement account, the drinking water assistance account, the 30
administrative subaccount of the drinking water assistance account, 31
the driver education safety improvement account, the early learning 32
facilities development account, the early learning facilities 33
revolving account, the Eastern Washington University capital projects 34
account, the education legacy trust account, the election account, 35
the electric vehicle account, the energy freedom account, the energy 36
recovery act account, the essential rail assistance account, The 37
Evergreen State College capital projects account, the fair start for 38
kids account, the family medicine workforce development account, the 39
ferry bond retirement fund, the fish, wildlife, and conservation 40
p. 11 SB 5851
account, the freight mobility investment account, the freight 1
mobility multimodal account, the grade crossing protective fund, the 2
higher education retirement plan supplemental benefit fund, the 3
Washington student loan account, the highway bond retirement fund, 4
the highway infrastructure account, the highway safety fund, the 5
hospital safety net assessment fund, the Interstate 5 bridge 6
replacement project account, the Interstate 405 and state route 7
number 167 express toll lanes account, the judges' retirement 8
account, the judicial retirement administrative account, the judicial 9
retirement principal account, the limited fish and wildlife account, 10
the local leasehold excise tax account, the local real estate excise 11
tax account, the local sales and use tax account, the marine 12
resources stewardship trust account, the medical aid account, the 13
money-purchase retirement savings administrative account, the money-14
purchase retirement savings principal account, the motor vehicle 15
fund, the motorcycle safety education account, the move ahead WA 16
account, the move ahead WA flexible account, the multimodal 17
transportation account, the multiuse roadway safety account, the 18
municipal criminal justice assistance account, the oyster reserve 19
land account, the pension funding stabilization account, the 20
perpetual surveillance and maintenance account, the pilotage account, 21
the pollution liability insurance agency underground storage tank 22
revolving account, the medicaid access program account, the public 23
employees' retirement system plan 1 account, the public employees' 24
retirement system combined plan 2 and plan 3 account, the public 25
facilities construction loan revolving account, the public health 26
supplemental account, the public works assistance account, the Puget 27
Sound capital construction account, the Puget Sound ferry operations 28
account, the Puget Sound Gateway facility account, the Puget Sound 29
taxpayer accountability account, the real estate appraiser commission 30
account, the recreational vehicle account, the regional mobility 31
grant program account, the reserve officers' relief and pension 32
principal fund, the resource management cost account, the rural 33
arterial trust account, the rural mobility grant program account, the 34
rural Washington loan fund, the sea lion predation control account, 35
the second injury fund, the sexual assault prevention and response 36
account, the site closure account, the skilled nursing facility 37
safety net trust fund, the small city pavement and sidewalk account, 38
the special category C account, the special wildlife account, the 39
state hazard mitigation revolving loan account, the state investment 40
p. 12 SB 5851
board expense account, the state investment board commingled trust 1
fund accounts, the state patrol highway account, the state 2
reclamation revolving account, the state route number 520 civil 3
penalties account, the state route number 520 corridor account, the 4
statewide broadband account, the statewide tourism marketing account, 5
the supplemental pension account, the Tacoma Narrows toll bridge 6
account, the teachers' retirement system plan 1 account, the 7
teachers' retirement system combined plan 2 and plan 3 account, the 8
tobacco prevention and control account, the tobacco settlement 9
account, the toll facility bond retirement account, the 10
transportation 2003 account (nickel account), the transportation 11
equipment fund, the JUDY transportation future funding program 12
account, the transportation improvement account, the transportation 13
improvement board bond retirement account, the transportation 14
infrastructure account, the transportation partnership account, the 15
traumatic brain injury account, the tribal opioid prevention and 16
treatment account, the University of Washington bond retirement fund, 17
the University of Washington building account, the voluntary cleanup 18
account, the volunteer firefighters' relief and pension principal 19
fund, the volunteer firefighters' and reserve officers' 20
administrative fund, the vulnerable roadway user education account, 21
the Washington judicial retirement system account, the Washington law 22
enforcement officers' and firefighters' system plan 1 retirement 23
account, the Washington law enforcement officers' and firefighters' 24
system plan 2 retirement account, the Washington public safety 25
employees' plan 2 retirement account, the Washington school 26
employees' retirement system combined plan 2 and 3 account, the 27
Washington state patrol retirement account, the Washington State 28
University building account, the Washington State University bond 29
retirement fund, the water pollution control revolving administration 30
account, the water pollution control revolving fund, the Western 31
Washington University capital projects account, the Yakima integrated 32
plan implementation account, the Yakima integrated plan 33
implementation revenue recovery account, and the Yakima integrated 34
plan implementation taxable bond account. Earnings derived from 35
investing balances of the agricultural permanent fund, the normal 36
school permanent fund, the permanent common school fund, the 37
scientific permanent fund, and the state university permanent fund 38
shall be allocated to their respective beneficiary accounts.39
p. 13 SB 5851
(b) Any state agency that has independent authority over accounts 1
or funds not statutorily required to be held in the state treasury 2
that deposits funds into a fund or account in the state treasury 3
pursuant to an agreement with the office of the state treasurer shall 4
receive its proportionate share of earnings based upon each account's 5
or fund's average daily balance for the period. 6
(5) In conformance with Article II, section 37 of the state 7
Constitution, no treasury accounts or funds shall be allocated 8
earnings without the specific affirmative directive of this section.9
Sec. 6. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, and 10
2025 c 299 s 22 are each reenacted and amended to read as follows:11
(1) All earnings of investments of surplus balances in the state 12
treasury shall be deposited to the treasury income account, which 13
account is hereby established in the state treasury.14
(2) The treasury income account shall be utilized to pay or 15
receive funds associated with federal programs as required by the 16
federal cash management improvement act of 1990. The treasury income 17
account is subject in all respects to chapter 43.88 RCW, but no 18
appropriation is required for refunds or allocations of interest 19
earnings required by the cash management improvement act. Refunds of 20
interest to the federal treasury required under the cash management 21
improvement act fall under RCW 43.88.180 and shall not require 22
appropriation. The office of financial management shall determine the 23
amounts due to or from the federal government pursuant to the cash 24
management improvement act. The office of financial management may 25
direct transfers of funds between accounts as deemed necessary to 26
implement the provisions of the cash management improvement act, and 27
this subsection. Refunds or allocations shall occur prior to the 28
distributions of earnings set forth in subsection (4) of this 29
section. 30
(3) Except for the provisions of RCW 43.84.160, the treasury 31
income account may be utilized for the payment of purchased banking 32
services on behalf of treasury funds including, but not limited to, 33
depository, safekeeping, and disbursement functions for the state 34
treasury and affected state agencies. The treasury income account is 35
subject in all respects to chapter 43.88 RCW, but no appropriation is 36
required for payments to financial institutions. Payments shall occur 37
prior to distribution of earnings set forth in subsection (4) of this 38
section. 39
p. 14 SB 5851
(4) Monthly, the state treasurer shall distribute the earnings 1
credited to the treasury income account. The state treasurer shall 2
credit the general fund with all the earnings credited to the 3
treasury income account except: 4
(a) The following accounts and funds shall receive their 5
proportionate share of earnings based upon each account's and fund's 6
average daily balance for the period: The abandoned recreational 7
vehicle disposal account, the aeronautics account, the Alaskan Way 8
viaduct replacement project account, the budget stabilization 9
account, the capital vessel replacement account, the capitol building 10
construction account, the Central Washington University capital 11
projects account, the charitable, educational, penal and reformatory 12
institutions account, the Chehalis basin account, the Chehalis basin 13
taxable account, the clean fuels credit account, the clean fuels 14
transportation investment account, the cleanup settlement account, 15
the Columbia river basin water supply development account, the 16
Columbia river basin taxable bond water supply development account, 17
the Columbia river basin water supply revenue recovery account, the 18
common school construction fund, the community forest trust account, 19
the connecting Washington account, the county arterial preservation 20
account, the county criminal justice assistance account, the covenant 21
homeownership account, the deferred compensation administrative 22
account, the deferred compensation principal account, the department 23
of licensing services account, the department of retirement systems 24
expense account, the developmental disabilities community services 25
account, the diesel idle reduction account, the opioid abatement 26
settlement account, the drinking water assistance account, the 27
administrative subaccount of the drinking water assistance account, 28
the driver education safety improvement account, the early learning 29
facilities development account, the early learning facilities 30
revolving account, the Eastern Washington University capital projects 31
account, the education legacy trust account, the election account, 32
the electric vehicle account, the energy freedom account, the energy 33
recovery act account, the essential rail assistance account, The 34
Evergreen State College capital projects account, the fair start for 35
kids account, the family medicine workforce development account, the 36
ferry bond retirement fund, the fish, wildlife, and conservation 37
account, the freight mobility investment account, the freight 38
mobility multimodal account, the grade crossing protective fund, the 39
higher education retirement plan supplemental benefit fund, the 40
p. 15 SB 5851
Washington student loan account, the highway bond retirement fund, 1
the highway infrastructure account, the highway safety fund, the 2
hospital safety net assessment fund, the Interstate 5 bridge 3
replacement project account, the Interstate 405 and state route 4
number 167 express toll lanes account, the judges' retirement 5
account, the judicial retirement administrative account, the judicial 6
retirement principal account, the limited fish and wildlife account, 7
the local leasehold excise tax account, the local real estate excise 8
tax account, the local sales and use tax account, the marine 9
resources stewardship trust account, the medical aid account, the 10
money-purchase retirement savings administrative account, the money-11
purchase retirement savings principal account, the motor vehicle 12
fund, the motorcycle safety education account, the move ahead WA 13
account, the move ahead WA flexible account, the multimodal 14
transportation account, the multiuse roadway safety account, the 15
municipal criminal justice assistance account, the oyster reserve 16
land account, the pension funding stabilization account, the 17
perpetual surveillance and maintenance account, the pilotage account, 18
the pollution liability insurance agency underground storage tank 19
revolving account, the public employees' retirement system plan 1 20
account, the public employees' retirement system combined plan 2 and 21
plan 3 account, the public facilities construction loan revolving 22
account, the public health supplemental account, the public works 23
assistance account, the Puget Sound capital construction account, the 24
Puget Sound ferry operations account, the Puget Sound Gateway 25
facility account, the Puget Sound taxpayer accountability account, 26
the real estate appraiser commission account, the recreational 27
vehicle account, the regional mobility grant program account, the 28
reserve officers' relief and pension principal fund, the resource 29
management cost account, the rural arterial trust account, the rural 30
mobility grant program account, the rural Washington loan fund, the 31
sea lion predation control account, the second injury fund, the 32
sexual assault prevention and response account, the site closure 33
account, the skilled nursing facility safety net trust fund, the 34
small city pavement and sidewalk account, the special category C 35
account, the special wildlife account, the state hazard mitigation 36
revolving loan account, the state investment board expense account, 37
the state investment board commingled trust fund accounts, the state 38
patrol highway account, the state reclamation revolving account, the 39
state route number 520 civil penalties account, the state route 40
p. 16 SB 5851
number 520 corridor account, the statewide broadband account, the 1
statewide tourism marketing account, the supplemental pension 2
account, the Tacoma Narrows toll bridge account, the teachers' 3
retirement system plan 1 account, the teachers' retirement system 4
combined plan 2 and plan 3 account, the tobacco prevention and 5
control account, the tobacco settlement account, the toll facility 6
bond retirement account, the transportation 2003 account (nickel 7
account), the transportation equipment fund, the JUDY transportation 8
future funding program account, the transportation improvement 9
account, the transportation improvement board bond retirement 10
account, the transportation infrastructure account, the 11
transportation partnership account, the traumatic brain injury 12
account, the tribal opioid prevention and treatment account, the 13
University of Washington bond retirement fund, the University of 14
Washington building account, the voluntary cleanup account, the 15
volunteer firefighters' relief and pension principal fund, the 16
volunteer firefighters' and reserve officers' administrative fund, 17
the vulnerable roadway user education account, the Washington 18
judicial retirement system account, the Washington law enforcement 19
officers' and firefighters' system plan 1 retirement account, the 20
Washington law enforcement officers' and firefighters' system plan 2 21
retirement account, the Washington public safety employees' plan 2 22
retirement account, the Washington school employees' retirement 23
system combined plan 2 and 3 account, the Washington state patrol 24
retirement account, the Washington State University building account, 25
the Washington State University bond retirement fund, the water 26
pollution control revolving administration account, the water 27
pollution control revolving fund, the Western Washington University 28
capital projects account, the Yakima integrated plan implementation 29
account, the Yakima integrated plan implementation revenue recovery 30
account, and the Yakima integrated plan implementation taxable bond 31
account. Earnings derived from investing balances of the agricultural 32
permanent fund, the normal school permanent fund, the permanent 33
common school fund, the scientific permanent fund, and the state 34
university permanent fund shall be allocated to their respective 35
beneficiary accounts. 36
(b) Any state agency that has independent authority over accounts 37
or funds not statutorily required to be held in the state treasury 38
that deposits funds into a fund or account in the state treasury 39
pursuant to an agreement with the office of the state treasurer shall 40
p. 17 SB 5851
receive its proportionate share of earnings based upon each account's 1
or fund's average daily balance for the period. 2
(5) In conformance with Article II, section 37 of the state 3
Constitution, no treasury accounts or funds shall be allocated 4
earnings without the specific affirmative directive of this section.5
Sec. 7. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 6
2025 c 359 s 13, 2025 c 299 s 22, and 2025 c 228 s 15 are each 7
reenacted and amended to read as follows: 8
(1) All earnings of investments of surplus balances in the state 9
treasury shall be deposited to the treasury income account, which 10
account is hereby established in the state treasury.11
(2) The treasury income account shall be utilized to pay or 12
receive funds associated with federal programs as required by the 13
federal cash management improvement act of 1990. The treasury income 14
account is subject in all respects to chapter 43.88 RCW, but no 15
appropriation is required for refunds or allocations of interest 16
earnings required by the cash management improvement act. Refunds of 17
interest to the federal treasury required under the cash management 18
improvement act fall under RCW 43.88.180 and shall not require 19
appropriation. The office of financial management shall determine the 20
amounts due to or from the federal government pursuant to the cash 21
management improvement act. The office of financial management may 22
direct transfers of funds between accounts as deemed necessary to 23
implement the provisions of the cash management improvement act, and 24
this subsection. Refunds or allocations shall occur prior to the 25
distributions of earnings set forth in subsection (4) of this 26
section. 27
(3) Except for the provisions of RCW 43.84.160, the treasury 28
income account may be utilized for the payment of purchased banking 29
services on behalf of treasury funds including, but not limited to, 30
depository, safekeeping, and disbursement functions for the state 31
treasury and affected state agencies. The treasury income account is 32
subject in all respects to chapter 43.88 RCW, but no appropriation is 33
required for payments to financial institutions. Payments shall occur 34
prior to distribution of earnings set forth in subsection (4) of this 35
section. 36
(4) Monthly, the state treasurer shall distribute the earnings 37
credited to the treasury income account. The state treasurer shall 38
p. 18 SB 5851
credit the general fund with all the earnings credited to the 1
treasury income account except: 2
(a) The following accounts and funds shall receive their 3
proportionate share of earnings based upon each account's and fund's 4
average daily balance for the period: The abandoned recreational 5
vehicle disposal account, the aeronautics account, the Alaskan Way 6
viaduct replacement project account, the budget stabilization 7
account, the capital vessel replacement account, the capitol building 8
construction account, the Central Washington University capital 9
projects account, the charitable, educational, penal and reformatory 10
institutions account, the Chehalis basin account, the Chehalis basin 11
taxable account, the clean fuels credit account, the clean fuels 12
transportation investment account, the cleanup settlement account, 13
the Columbia river basin water supply development account, the 14
Columbia river basin taxable bond water supply development account, 15
the Columbia river basin water supply revenue recovery account, the 16
common school construction fund, the community forest trust account, 17
the connecting Washington account, the county arterial preservation 18
account, the county criminal justice assistance account, the covenant 19
homeownership account, the deferred compensation administrative 20
account, the deferred compensation principal account, the department 21
of licensing services account, the department of retirement systems 22
expense account, the developmental disabilities community services 23
account, the diesel idle reduction account, the opioid abatement 24
settlement account, the drinking water assistance account, the 25
administrative subaccount of the drinking water assistance account, 26
the driver education safety improvement account, the early learning 27
facilities development account, the early learning facilities 28
revolving account, the Eastern Washington University capital projects 29
account, the education legacy trust account, the election account, 30
the electric vehicle account, the energy freedom account, the energy 31
recovery act account, the essential rail assistance account, The 32
Evergreen State College capital projects account, the fair start for 33
kids account, the family medicine workforce development account, the 34
ferry bond retirement fund, the fish, wildlife, and conservation 35
account, the freight mobility investment account, the freight 36
mobility multimodal account, the grade crossing protective fund, the 37
higher education retirement plan supplemental benefit fund, the 38
Washington student loan account, the highway bond retirement fund, 39
the highway infrastructure account, the highway safety fund, the 40
p. 19 SB 5851
hospital safety net assessment fund, the intelligent speed assistance 1
device revolving account, the Interstate 5 bridge replacement project 2
account, the Interstate 405 and state route number 167 express toll 3
lanes account, the judges' retirement account, the judicial 4
retirement administrative account, the judicial retirement principal 5
account, the limited fish and wildlife account, the local leasehold 6
excise tax account, the local real estate excise tax account, the 7
local sales and use tax account, the marine resources stewardship 8
trust account, the medical aid account, the money-purchase retirement 9
savings administrative account, the money-purchase retirement savings 10
principal account, the motor vehicle fund, the motorcycle safety 11
education account, the move ahead WA account, the move ahead WA 12
flexible account, the multimodal transportation account, the multiuse 13
roadway safety account, the municipal criminal justice assistance 14
account, the oyster reserve land account, the pension funding 15
stabilization account, the perpetual surveillance and maintenance 16
account, the pilotage account, the pollution liability insurance 17
agency underground storage tank revolving account, the medicaid 18
access program account, the public employees' retirement system plan 19
1 account, the public employees' retirement system combined plan 2 20
and plan 3 account, the public facilities construction loan revolving 21
account, the public health supplemental account, the public works 22
assistance account, the Puget Sound capital construction account, the 23
Puget Sound ferry operations account, the Puget Sound Gateway 24
facility account, the Puget Sound taxpayer accountability account, 25
the real estate appraiser commission account, the recreational 26
vehicle account, the regional mobility grant program account, the 27
reserve officers' relief and pension principal fund, the resource 28
management cost account, the rural arterial trust account, the rural 29
mobility grant program account, the rural Washington loan fund, the 30
sea lion predation control account, the second injury fund, the 31
sexual assault prevention and response account, the site closure 32
account, the skilled nursing facility safety net trust fund, the 33
small city pavement and sidewalk account, the special category C 34
account, the special wildlife account, the state hazard mitigation 35
revolving loan account, the state investment board expense account, 36
the state investment board commingled trust fund accounts, the state 37
patrol highway account, the state reclamation revolving account, the 38
state route number 520 civil penalties account, the state route 39
number 520 corridor account, the statewide broadband account, the 40
p. 20 SB 5851
statewide tourism marketing account, the supplemental pension 1
account, the Tacoma Narrows toll bridge account, the teachers' 2
retirement system plan 1 account, the teachers' retirement system 3
combined plan 2 and plan 3 account, the tobacco prevention and 4
control account, the tobacco settlement account, the toll facility 5
bond retirement account, the transportation 2003 account (nickel 6
account), the transportation equipment fund, the JUDY transportation 7
future funding program account, the transportation improvement 8
account, the transportation improvement board bond retirement 9
account, the transportation infrastructure account, the 10
transportation partnership account, the traumatic brain injury 11
account, the tribal opioid prevention and treatment account, the 12
University of Washington bond retirement fund, the University of 13
Washington building account, the voluntary cleanup account, the 14
volunteer firefighters' relief and pension principal fund, the 15
volunteer firefighters' and reserve officers' administrative fund, 16
the vulnerable roadway user education account, the Washington 17
judicial retirement system account, the Washington law enforcement 18
officers' and firefighters' system plan 1 retirement account, the 19
Washington law enforcement officers' and firefighters' system plan 2 20
retirement account, the Washington public safety employees' plan 2 21
retirement account, the Washington school employees' retirement 22
system combined plan 2 and 3 account, the Washington state patrol 23
retirement account, the Washington State University building account, 24
the Washington State University bond retirement fund, the water 25
pollution control revolving administration account, the water 26
pollution control revolving fund, the Western Washington University 27
capital projects account, the Yakima integrated plan implementation 28
account, the Yakima integrated plan implementation revenue recovery 29
account, and the Yakima integrated plan implementation taxable bond 30
account. Earnings derived from investing balances of the agricultural 31
permanent fund, the normal school permanent fund, the permanent 32
common school fund, the scientific permanent fund, and the state 33
university permanent fund shall be allocated to their respective 34
beneficiary accounts. 35
(b) Any state agency that has independent authority over accounts 36
or funds not statutorily required to be held in the state treasury 37
that deposits funds into a fund or account in the state treasury 38
pursuant to an agreement with the office of the state treasurer shall 39
p. 21 SB 5851
receive its proportionate share of earnings based upon each account's 1
or fund's average daily balance for the period. 2
(5) In conformance with Article II, section 37 of the state 3
Constitution, no treasury accounts or funds shall be allocated 4
earnings without the specific affirmative directive of this section.5
Sec. 8. RCW 43.84.092 and 2025 c 417 s 803, 2025 c 399 s 16, 6
2025 c 299 s 22, and 2025 c 228 s 15 are each reenacted and amended 7
to read as follows: 8
(1) All earnings of investments of surplus balances in the state 9
treasury shall be deposited to the treasury income account, which 10
account is hereby established in the state treasury.11
(2) The treasury income account shall be utilized to pay or 12
receive funds associated with federal programs as required by the 13
federal cash management improvement act of 1990. The treasury income 14
account is subject in all respects to chapter 43.88 RCW, but no 15
appropriation is required for refunds or allocations of interest 16
earnings required by the cash management improvement act. Refunds of 17
interest to the federal treasury required under the cash management 18
improvement act fall under RCW 43.88.180 and shall not require 19
appropriation. The office of financial management shall determine the 20
amounts due to or from the federal government pursuant to the cash 21
management improvement act. The office of financial management may 22
direct transfers of funds between accounts as deemed necessary to 23
implement the provisions of the cash management improvement act, and 24
this subsection. Refunds or allocations shall occur prior to the 25
distributions of earnings set forth in subsection (4) of this 26
section. 27
(3) Except for the provisions of RCW 43.84.160, the treasury 28
income account may be utilized for the payment of purchased banking 29
services on behalf of treasury funds including, but not limited to, 30
depository, safekeeping, and disbursement functions for the state 31
treasury and affected state agencies. The treasury income account is 32
subject in all respects to chapter 43.88 RCW, but no appropriation is 33
required for payments to financial institutions. Payments shall occur 34
prior to distribution of earnings set forth in subsection (4) of this 35
section. 36
(4) Monthly, the state treasurer shall distribute the earnings 37
credited to the treasury income account. The state treasurer shall 38
p. 22 SB 5851
credit the general fund with all the earnings credited to the 1
treasury income account except: 2
(a) The following accounts and funds shall receive their 3
proportionate share of earnings based upon each account's and fund's 4
average daily balance for the period: The abandoned recreational 5
vehicle disposal account, the aeronautics account, the Alaskan Way 6
viaduct replacement project account, the budget stabilization 7
account, the capital vessel replacement account, the capitol building 8
construction account, the Central Washington University capital 9
projects account, the charitable, educational, penal and reformatory 10
institutions account, the Chehalis basin account, the Chehalis basin 11
taxable account, the clean fuels credit account, the clean fuels 12
transportation investment account, the cleanup settlement account, 13
the Columbia river basin water supply development account, the 14
Columbia river basin taxable bond water supply development account, 15
the Columbia river basin water supply revenue recovery account, the 16
common school construction fund, the community forest trust account, 17
the connecting Washington account, the county arterial preservation 18
account, the county criminal justice assistance account, the covenant 19
homeownership account, the deferred compensation administrative 20
account, the deferred compensation principal account, the department 21
of licensing services account, the department of retirement systems 22
expense account, the developmental disabilities community services 23
account, the diesel idle reduction account, the opioid abatement 24
settlement account, the drinking water assistance account, the 25
administrative subaccount of the drinking water assistance account, 26
the driver education safety improvement account, the early learning 27
facilities development account, the early learning facilities 28
revolving account, the Eastern Washington University capital projects 29
account, the education legacy trust account, the election account, 30
the electric vehicle account, the energy freedom account, the energy 31
recovery act account, the essential rail assistance account, The 32
Evergreen State College capital projects account, the fair start for 33
kids account, the family medicine workforce development account, the 34
ferry bond retirement fund, the fish, wildlife, and conservation 35
account, the freight mobility investment account, the freight 36
mobility multimodal account, the grade crossing protective fund, the 37
higher education retirement plan supplemental benefit fund, the 38
Washington student loan account, the highway bond retirement fund, 39
the highway infrastructure account, the highway safety fund, the 40
p. 23 SB 5851
hospital safety net assessment fund, the intelligent speed assistance 1
device revolving account, the Interstate 5 bridge replacement project 2
account, the Interstate 405 and state route number 167 express toll 3
lanes account, the judges' retirement account, the judicial 4
retirement administrative account, the judicial retirement principal 5
account, the limited fish and wildlife account, the local leasehold 6
excise tax account, the local real estate excise tax account, the 7
local sales and use tax account, the marine resources stewardship 8
trust account, the medical aid account, the money-purchase retirement 9
savings administrative account, the money-purchase retirement savings 10
principal account, the motor vehicle fund, the motorcycle safety 11
education account, the move ahead WA account, the move ahead WA 12
flexible account, the multimodal transportation account, the multiuse 13
roadway safety account, the municipal criminal justice assistance 14
account, the oyster reserve land account, the pension funding 15
stabilization account, the perpetual surveillance and maintenance 16
account, the pilotage account, the pollution liability insurance 17
agency underground storage tank revolving account, the public 18
employees' retirement system plan 1 account, the public employees' 19
retirement system combined plan 2 and plan 3 account, the public 20
facilities construction loan revolving account, the public health 21
supplemental account, the public works assistance account, the Puget 22
Sound capital construction account, the Puget Sound ferry operations 23
account, the Puget Sound Gateway facility account, the Puget Sound 24
taxpayer accountability account, the real estate appraiser commission 25
account, the recreational vehicle account, the regional mobility 26
grant program account, the reserve officers' relief and pension 27
principal fund, the resource management cost account, the rural 28
arterial trust account, the rural mobility grant program account, the 29
rural Washington loan fund, the sea lion predation control account, 30
the second injury fund, the sexual assault prevention and response 31
account, the site closure account, the skilled nursing facility 32
safety net trust fund, the small city pavement and sidewalk account, 33
the special category C account, the special wildlife account, the 34
state hazard mitigation revolving loan account, the state investment 35
board expense account, the state investment board commingled trust 36
fund accounts, the state patrol highway account, the state 37
reclamation revolving account, the state route number 520 civil 38
penalties account, the state route number 520 corridor account, the 39
statewide broadband account, the statewide tourism marketing account, 40
p. 24 SB 5851
the supplemental pension account, the Tacoma Narrows toll bridge 1
account, the teachers' retirement system plan 1 account, the 2
teachers' retirement system combined plan 2 and plan 3 account, the 3
tobacco prevention and control account, the tobacco settlement 4
account, the toll facility bond retirement account, the 5
transportation 2003 account (nickel account), the transportation 6
equipment fund, the JUDY transportation future funding program 7
account, the transportation improvement account, the transportation 8
improvement board bond retirement account, the transportation 9
infrastructure account, the transportation partnership account, the 10
traumatic brain injury account, the tribal opioid prevention and 11
treatment account, the University of Washington bond retirement fund, 12
the University of Washington building account, the voluntary cleanup 13
account, the volunteer firefighters' relief and pension principal 14
fund, the volunteer firefighters' and reserve officers' 15
administrative fund, the vulnerable roadway user education account, 16
the Washington judicial retirement system account, the Washington law 17
enforcement officers' and firefighters' system plan 1 retirement 18
account, the Washington law enforcement officers' and firefighters' 19
system plan 2 retirement account, the Washington public safety 20
employees' plan 2 retirement account, the Washington school 21
employees' retirement system combined plan 2 and 3 account, the 22
Washington state patrol retirement account, the Washington State 23
University building account, the Washington State University bond 24
retirement fund, the water pollution control revolving administration 25
account, the water pollution control revolving fund, the Western 26
Washington University capital projects account, the Yakima integrated 27
plan implementation account, the Yakima integrated plan 28
implementation revenue recovery account, and the Yakima integrated 29
plan implementation taxable bond account. Earnings derived from 30
investing balances of the agricultural permanent fund, the normal 31
school permanent fund, the permanent common school fund, the 32
scientific permanent fund, and the state university permanent fund 33
shall be allocated to their respective beneficiary accounts.34
(b) Any state agency that has independent authority over accounts 35
or funds not statutorily required to be held in the state treasury 36
that deposits funds into a fund or account in the state treasury 37
pursuant to an agreement with the office of the state treasurer shall 38
receive its proportionate share of earnings based upon each account's 39
or fund's average daily balance for the period. 40
p. 25 SB 5851
(5) In conformance with Article II, section 37 of the state 1
Constitution, no treasury accounts or funds shall be allocated 2
earnings without the specific affirmative directive of this section.3
NEW SECTION. Sec. 9. (1) Section 3 of this act expires the 4
earlier of July 1, 2028, or when RCW 74.76.040 expires.5
(2) Section 4 of this act expires July 1, 2028.6
(3) Section 5 of this act expires the earlier of January 1, 2029, 7
or when RCW 74.76.040 expires. 8
(4) Section 6 of this act expires January 1, 2029.9
(5) Section 7 of this act expires when RCW 74.76.040 expires.10
NEW SECTION. Sec. 10. (1) Section 4 of this act takes effect 11
when RCW 74.76.040 expires.12
(2) Section 5 of this act takes effect July 1, 2028.13
(3) Section 6 of this act takes effect July 1, 2028.14
(4) Section 7 of this act takes effect January 1, 2029.15
(5) Section 8 of this act takes effect January 1, 2029.16
NEW SECTION. Sec. 11. This act takes effect July 1, 2026.17
--- END ---
p. 26 SB 5851