House Bill 1827 - Community Reinvestment Account and Program (State of Washington, 2022 Regular Session)

Summary

House Bill 1827, State of Washington 67th Legislature, 2022 Regular Session, by Representatives Morgan, Simmons, Ormsby, Harris-Talley and Kloba. It was prefiled 01/06/22, read first time 01/10/22 and referred to the Committee on Community & Economic Development. The bill relates to the creation of the community reinvestment account and community reinvestment program and amends RCW 69.50.540 and 43.84.092. Section 1 states that the legislature finds targeted resources to support local design and control of community-based responses are required to address racial, economic, and social disparities created by criminal laws and penalties for illegal drug sales, possession, and use. Section 2 amends RCW 69.50.540 on appropriations from the dedicated marijuana account.

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Full text

     Z-0480.1

                                HOUSE BILL 1827


     State of Washington       67th Legislature       2022 Regular Session

     By Representatives Morgan, Simmons, Ormsby, Harris-Talley, and Kloba;
     by request of Office of the Governor

     Prefiled 01/06/22. Read first time 01/10/22.    Referred to Committee
     on Community & Economic Development.




 1       AN ACT Relating to the creation of the community reinvestment
 2   account and community reinvestment program; amending RCW 69.50.540,
 3   43.84.092, and 43.84.092; adding a new section to chapter 43.79 RCW;
 4   creating a new section; providing an effective date; and providing an
 5   expiration date.


 6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:


 7       NEW SECTION.   Sec. 1.   The legislature finds that in order to
 8   address racial, economic, and social disparities in communities
 9   across the state created by the historical design and enforcement of
10   state and federal criminal laws and penalties for illegal drug sales,
11   possession, and use in Washington state, aggressive approaches and
12   targeted resources to support local design and control of community-
13   based responses to these outcomes are required.


14       Sec. 2. RCW 69.50.540 and 2021 c 334 s 986 are each amended to
15   read as follows:
16       The legislature must annually appropriate moneys in the dedicated
17   marijuana account created in RCW 69.50.530 as follows:
18       (1) For the purposes listed in this subsection (1), the
19   legislature must appropriate to the respective agencies amounts


                                     p. 1                           HB 1827
 1   sufficient to make the following expenditures on a quarterly basis or
 2   as provided in this subsection:
 3       (a) One hundred twenty-five thousand dollars to the health care
 4   authority to design and administer the Washington state healthy youth
 5   survey, analyze the collected data, and produce reports, in
 6   collaboration with the office of the superintendent of public
 7   instruction, department of health, department of commerce, family
 8   policy council, and board. The survey must be conducted at least
 9   every two years and include questions regarding, but not necessarily
10   limited to, academic achievement, age at time of substance use
11   initiation,   antisocial  behavior   of   friends,  attitudes   toward
12   antisocial behavior, attitudes toward substance use, laws and
13   community norms regarding antisocial behavior, family conflict,
14   family management, parental attitudes toward substance use, peer
15   rewarding of antisocial behavior, perceived risk of substance use,
16   and rebelliousness. Funds disbursed under this subsection may be used
17   to expand administration of the healthy youth survey to student
18   populations attending institutions of higher education in Washington;
19       (b) Fifty thousand dollars to the health care authority for the
20   purpose of contracting with the Washington state institute for public
21   policy to conduct the cost-benefit evaluation and produce the reports
22   described in RCW 69.50.550. This appropriation ends after production
23   of the final report required by RCW 69.50.550;
24       (c) Five thousand dollars to the University of Washington alcohol
25   and drug abuse institute for the creation, maintenance, and timely
26   updating of web-based public education materials providing medically
27   and scientifically accurate information about the health and safety
28   risks posed by marijuana use;
29       (d)(i) An amount not less than one million two hundred fifty
30   thousand dollars to the board for administration of this chapter as
31   appropriated in the omnibus appropriations act;
32       (ii) One million three hundred twenty-three thousand dollars for
33   fiscal year 2020 to the health professions account established under
34   RCW 43.70.320 for the development and administration of the marijuana
35   authorization database by the department of health;
36       (iii) Two million four hundred fifty-three thousand dollars for
37   fiscal year 2020 and two million four hundred twenty-three thousand
38   dollars for fiscal years 2021, 2022, and 2023 to the Washington state
39   patrol for a drug enforcement task force. It is the intent of the


                                     p. 2                          HB 1827
 1   legislature that this policy will be continued in the 2021-2023
 2   fiscal biennium; and
 3       (iv) Ninety-eight thousand dollars for fiscal year 2019 to the
 4   department of ecology for research on accreditation of marijuana
 5   product testing laboratories;
 6       (e) Four hundred sixty-five thousand dollars for fiscal year
 7   2020, four hundred sixty-four thousand dollars for fiscal year 2021,
 8   two hundred seventy thousand dollars in fiscal year 2022, and two
 9   hundred seventy-six thousand dollars in fiscal year 2023 to the
10   department of ecology for implementation of accreditation of
11   marijuana product testing laboratories;
12       (f) One hundred eighty-nine thousand dollars for fiscal year 2020
13   to the department of health for rule making regarding compassionate
14   care renewals;
15       (g) Eight hundred eight thousand dollars for each of fiscal years
16   2020 through 2023 to the department of health for the administration
17   of the marijuana authorization database;
18       (h) Six hundred thirty-five thousand dollars for fiscal year
19   2020, six hundred thirty-five thousand dollars for fiscal year 2021,
20   six hundred twenty-one thousand dollars for fiscal year 2022, and six
21   hundred twenty-seven thousand dollars for fiscal year 2023 to the
22   department of agriculture for compliance-based laboratory analysis of
23   pesticides in marijuana;
24       (i) One million six hundred fifty thousand dollars for fiscal
25   year 2022 and one million six hundred fifty thousand dollars for
26   fiscal year 2023 to the department of commerce to fund the
27   ((marijuana))    cannabis   social    equity   technical    assistance
28   ((competitive)) grant program under RCW 43.330.540; ((and))
29       (j) One hundred sixty-three thousand dollars for fiscal year 2022
30   and one hundred fifty-nine thousand dollars for fiscal year 2023 to
31   the department of commerce to establish a roster of mentors as part
32   of the cannabis social equity technical assistance grant program
33   under ((Engrossed Substitute House Bill No. 1443 (cannabis industry/
34   equity) [chapter 169, Laws of 2021])) chapter 169, Laws of 2021; and
35       (k) Beginning in fiscal year 2023, and each fiscal year
36   thereafter, $125,000,000 must be transferred into the community
37   reinvestment account and appropriated to the department of commerce
38   to establish a cannabis equity grant program; and
39       (2) From the amounts in the dedicated marijuana account after
40   appropriation of the amounts identified in subsection (1) of this
                                     p. 3                          HB 1827
 1   section, the legislature must appropriate for the purposes listed in
 2   this subsection (2) as follows:
 3       (a)(i) Up to fifteen percent to the health care authority for the
 4   development, implementation, maintenance, and evaluation of programs
 5   and practices aimed at the prevention or reduction of maladaptive
 6   substance use, substance use disorder, substance abuse or substance
 7   dependence, as these terms are defined in the Diagnostic and
 8   Statistical Manual of Mental Disorders, among middle school and high
 9   school-age students, whether as an explicit goal of a given program
10   or practice or as a consistently corresponding effect of its
11   implementation, mental health services for children and youth, and
12   services for pregnant and parenting women; PROVIDED, That:
13       (A) Of the funds appropriated under (a)(i) of this subsection for
14   new programs and new services, at least eighty-five percent must be
15   directed to evidence-based or research-based programs and practices
16   that produce objectively measurable results and, by September 1,
17   2020, are cost-beneficial; and
18       (B) Up to fifteen percent of the funds appropriated under (a)(i)
19   of this subsection for new programs and new services may be directed
20   to proven and tested practices, emerging best practices, or promising
21   practices.
22       (ii) In deciding which programs and practices to fund, the
23   director of the health care authority must consult, at least
24   annually, with the University of Washington's social development
25   research group and the University of Washington's alcohol and drug
26   abuse institute.
27       (iii) For each fiscal year, the legislature must appropriate a
28   minimum of twenty-five million five hundred thirty-six thousand
29   dollars under this subsection (2)(a);
30       (b)(i) Up to ten percent to the department of health for the
31   following, subject to (b)(ii) of this subsection (2):
32       (A) Creation, implementation, operation, and management of a
33   marijuana education and public health program that contains the
34   following:
35       (I) A marijuana use public health hotline that provides referrals
36   to substance abuse treatment providers, utilizes evidence-based or
37   research-based public health approaches to minimizing the harms
38   associated with marijuana use, and does not solely advocate an
39   abstinence-only approach;


                                     p. 4                          HB 1827
 1       (II) A grants program for local health departments or other local
 2   community agencies that supports development and implementation of
 3   coordinated intervention strategies for the prevention and reduction
 4   of marijuana use by youth; and
 5       (III)   Media-based   education   campaigns  across   television,
 6   internet, radio, print, and out-of-home advertising, separately
 7   targeting youth and adults, that provide medically and scientifically
 8   accurate information about the health and safety risks posed by
 9   marijuana use; and
10       (B) The Washington poison control center.
11       (ii) For each fiscal year, the legislature must appropriate a
12   minimum of nine million seven hundred fifty thousand dollars under
13   this subsection (2)(b);
14       (c)(i) Up to six-tenths of one percent to the University of
15   Washington and four-tenths of one percent to Washington State
16   University for research on the short and long-term effects of
17   marijuana use, to include but not be limited to formal and informal
18   methods for estimating and measuring intoxication and impairment, and
19   for the dissemination of such research.
20       (ii) For each fiscal year, except for the 2019-2021 and 2021-2023
21   fiscal biennia, the legislature must appropriate a minimum of one
22   million twenty-one thousand dollars to the University of Washington.
23   For each fiscal year, except for the 2019-2021 and 2021-2023 fiscal
24   biennia, the legislature must appropriate a minimum of six hundred
25   eighty-one thousand dollars to Washington State University under this
26   subsection (2)(c). It is the intent of the legislature that this
27   policy will be continued in the 2023-2025 fiscal biennium;
28       (d) Fifty percent to the state basic health plan trust account to
29   be administered by the Washington basic health plan administrator and
30   used as provided under chapter 70.47 RCW;
31       (e) Five percent to the Washington state health care authority to
32   be expended exclusively through contracts with community health
33   centers to provide primary health and dental care services, migrant
34   health services, and maternity health care services as provided under
35   RCW 41.05.220;
36       (f)(i) Up to three-tenths of one percent to the office of the
37   superintendent of public instruction to fund grants to building
38   bridges programs under chapter 28A.175 RCW.
39       (ii) For each fiscal year, the legislature must appropriate a
40   minimum of five hundred eleven thousand dollars to the office of the
                                     p. 5                          HB 1827
 1   superintendent of public instruction under this subsection (2)(f);
 2   and
 3       (g) At the end of each fiscal year, the treasurer must transfer
 4   any amounts in the dedicated marijuana account that are not
 5   appropriated pursuant to subsection (1) of this section and this
 6   subsection (2) into the general fund, except as provided in (g)(i) of
 7   this subsection (2).
 8       (i) Beginning in fiscal year 2018, if marijuana excise tax
 9   collections deposited into the general fund in the prior fiscal year
10   exceed twenty-five million dollars, then each fiscal year the
11   legislature must appropriate an amount equal to thirty percent of all
12   marijuana excise taxes deposited into the general fund the prior
13   fiscal year to the treasurer for distribution to counties, cities,
14   and towns as follows:
15       (A) Thirty percent must be distributed to counties, cities, and
16   towns where licensed marijuana retailers are physically located. Each
17   jurisdiction must receive a share of the revenue distribution under
18   this subsection (2)(g)(i)(A) based on the proportional share of the
19   total revenues generated in the individual jurisdiction from the
20   taxes collected under RCW 69.50.535, from licensed marijuana
21   retailers physically located in each jurisdiction. For purposes of
22   this subsection (2)(g)(i)(A), one hundred percent of the proportional
23   amount attributed to a retailer physically located in a city or town
24   must be distributed to the city or town.
25       (B) Seventy percent must be distributed to counties, cities, and
26   towns ratably on a per capita basis. Counties must receive sixty
27   percent of the distribution, which must be disbursed based on each
28   county's total proportional population. Funds may only be distributed
29   to jurisdictions that do not prohibit the siting of any state
30   licensed marijuana producer, processor, or retailer.
31       (ii) Distribution amounts allocated to each county, city, and
32   town must be distributed in four installments by the last day of each
33   fiscal quarter.
34       (iii) By September 15th of each year, the board must provide the
35   state treasurer the annual distribution amount, if any, for each
36   county and city as determined in (g)(i) of this subsection (2).
37       (iv) The total share of marijuana excise tax revenues distributed
38   to counties and cities in (g)(i) of this subsection (2) may not
39   exceed fifteen million dollars in fiscal years 2018, 2019, 2020, and
40   2021, and twenty million dollars per fiscal year thereafter.
                                     p. 6                          HB 1827
 1       NEW SECTION.   Sec. 3.   A new section is added to chapter 43.79
 2   RCW to read as follows:
 3       The community reinvestment account is created in the state
 4   treasury. Money from the distribution required in RCW 69.50.540(1)(k)
 5   must be deposited into the account. Moneys in the account may be
 6   spent only after appropriation. Expenditures from the account may be
 7   used for:
 8       (1) Economic development, which includes addressing wealth
 9   disparities to promote asset building such as home ownership and
10   expanding access to financial resources including, but not limited
11   to, grants and loans for small businesses and entrepreneurs,
12   financial literacy training, and other small business training and
13   support activities;
14       (2) Civil and criminal legal assistance to provide postconviction
15   relief and case assistance, including the expungement of criminal
16   records and vacation of criminal convictions;
17       (3)   Community-based   violence   intervention and prevention
18   services; and
19       (4) Reentry services to facilitate successful transitions for
20   persons formerly incarcerated in an adult correctional facility or
21   juvenile residential facility in Washington.


22       Sec. 4. RCW 43.84.092 and 2021 c 199 s 504 are each amended to
23   read as follows:
24       (1) All earnings of investments of surplus balances in the state
25   treasury shall be deposited to the treasury income account, which
26   account is hereby established in the state treasury.
27       (2) The treasury income account shall be utilized to pay or
28   receive funds associated with federal programs as required by the
29   federal cash management improvement act of 1990. The treasury income
30   account is subject in all respects to chapter 43.88 RCW, but no
31   appropriation is required for refunds or allocations of interest
32   earnings required by the cash management improvement act. Refunds of
33   interest to the federal treasury required under the cash management
34   improvement act fall under RCW 43.88.180 and shall not require
35   appropriation. The office of financial management shall determine the
36   amounts due to or from the federal government pursuant to the cash
37   management improvement act. The office of financial management may
38   direct transfers of funds between accounts as deemed necessary to
39   implement the provisions of the cash management improvement act, and
                                     p. 7                          HB 1827
 1   this subsection. Refunds or allocations shall occur prior to the
 2   distributions of earnings set forth in subsection (4) of this
 3   section.
 4       (3) Except for the provisions of RCW 43.84.160, the treasury
 5   income account may be utilized for the payment of purchased banking
 6   services on behalf of treasury funds including, but not limited to,
 7   depository, safekeeping, and disbursement functions for the state
 8   treasury and affected state agencies. The treasury income account is
 9   subject in all respects to chapter 43.88 RCW, but no appropriation is
10   required for payments to financial institutions. Payments shall occur
11   prior to distribution of earnings set forth in subsection (4) of this
12   section.
13       (4) Monthly, the state treasurer shall distribute the earnings
14   credited to the treasury income account. The state treasurer shall
15   credit the general fund with all the earnings credited to the
16   treasury income account except:
17       (a) The following accounts and funds shall receive their
18   proportionate share of earnings based upon each account's and fund's
19   average daily balance for the period: The abandoned recreational
20   vehicle disposal account, the aeronautics account, the Alaskan Way
21   viaduct replacement project account, the ambulance transport fund,
22   the   brownfield  redevelopment  trust   fund  account,  the   budget
23   stabilization account, the capital vessel replacement account, the
24   capitol building construction account, the Central Washington
25   University capital projects account, the charitable, educational,
26   penal and reformatory institutions account, the Chehalis basin
27   account, the Chehalis basin taxable account, the cleanup settlement
28   account, the Columbia river basin water supply development account,
29   the Columbia river basin taxable bond water supply development
30   account, the Columbia river basin water supply revenue recovery
31   account, the common school construction fund, the community forest
32   trust account, the community reinvestment account, the connecting
33   Washington account, the county arterial preservation account, the
34   county criminal justice assistance account, the deferred compensation
35   administrative account, the deferred compensation principal account,
36   the department of licensing services account, the department of
37   retirement systems expense account, the developmental disabilities
38   community services account, the diesel idle reduction account, the
39   drinking water assistance account, the administrative subaccount of
40   the drinking water assistance account, the early learning facilities
                                     p. 8                          HB 1827
 1   development account, the early learning facilities revolving account,
 2   the Eastern Washington University capital projects account, the
 3   education construction fund, the education legacy trust account, the
 4   election account, the electric vehicle account, the energy freedom
 5   account, the energy recovery act account, the essential rail
 6   assistance account, The Evergreen State College capital projects
 7   account, the fair start for kids account, the ferry bond retirement
 8   fund, the fish, wildlife, and conservation account, the freight
 9   mobility investment account, the freight mobility multimodal account,
10   the grade crossing protective fund, the public health services
11   account, the state higher education construction account, the higher
12   education construction account, the higher education retirement plan
13   supplemental benefit fund, the highway bond retirement fund, the
14   highway infrastructure account, the highway safety fund, the hospital
15   safety net assessment fund, the Interstate 405 and state route number
16   167 express toll lanes account, the judges' retirement account, the
17   judicial retirement administrative account, the judicial retirement
18   principal account, the limited fish and wildlife account, the local
19   leasehold excise tax account, the local real estate excise tax
20   account, the local sales and use tax account, the marine resources
21   stewardship trust account, the medical aid account, the money-
22   purchase retirement savings administrative account, the money-
23   purchase retirement savings principal account, the motor vehicle
24   fund, the motorcycle safety education account, the multimodal
25   transportation account, the multiuse roadway safety account, the
26   municipal criminal justice assistance account, the oyster reserve
27   land account, the pension funding stabilization account, the
28   perpetual surveillance and maintenance account, the pilotage account,
29   the pollution liability insurance agency underground storage tank
30   revolving account, the public employees' retirement system plan 1
31   account, the public employees' retirement system combined plan 2 and
32   plan 3 account, the public facilities construction loan revolving
33   account, the public health supplemental account, the public works
34   assistance account, the Puget Sound capital construction account, the
35   Puget Sound ferry operations account, the Puget Sound Gateway
36   facility account, the Puget Sound taxpayer accountability account,
37   the real estate appraiser commission account, the recreational
38   vehicle account, the regional mobility grant program account, the
39   resource management cost account, the rural arterial trust account,
40   the rural mobility grant program account, the rural Washington loan
                                     p. 9                          HB 1827
 1   fund, the sexual assault prevention and response account, the site
 2   closure account, the skilled nursing facility safety net trust fund,
 3   the small city pavement and sidewalk account, the special category C
 4   account, the special wildlife account, the state investment board
 5   expense account, the state investment board commingled trust fund
 6   accounts, the state patrol highway account, the state reclamation
 7   revolving account, the state route number 520 civil penalties
 8   account, the state route number 520 corridor account, the statewide
 9   broadband account, the statewide tourism marketing account, the
10   supplemental pension account, the Tacoma Narrows toll bridge account,
11   the teachers' retirement system plan 1 account, the teachers'
12   retirement system combined plan 2 and plan 3 account, the tobacco
13   prevention and control account, the tobacco settlement account, the
14   toll facility bond retirement account, the transportation 2003
15   account (nickel account), the transportation equipment fund, the
16   transportation future funding program account, the transportation
17   improvement account, the transportation improvement board bond
18   retirement account, the transportation infrastructure account, the
19   transportation partnership account, the traumatic brain injury
20   account, the University of Washington bond retirement fund, the
21   University of Washington building account, the voluntary cleanup
22   account, the volunteer firefighters' and reserve officers' relief and
23   pension principal fund, the volunteer firefighters' and reserve
24   officers' administrative fund, the vulnerable roadway user education
25   account, the Washington judicial retirement system account, the
26   Washington law enforcement officers' and firefighters' system plan 1
27   retirement account, the Washington law enforcement officers' and
28   firefighters' system plan 2 retirement account, the Washington public
29   safety employees' plan 2 retirement account, the Washington school
30   employees' retirement system combined plan 2 and 3 account, the
31   Washington state patrol retirement account, the Washington State
32   University building account, the Washington State University bond
33   retirement fund, the water pollution control revolving administration
34   account, the water pollution control revolving fund, the Western
35   Washington University capital projects account, the Yakima integrated
36   plan   implementation    account,   the   Yakima    integrated   plan
37   implementation revenue recovery account, and the Yakima integrated
38   plan implementation taxable bond account. Earnings derived from
39   investing balances of the agricultural permanent fund, the normal
40   school permanent fund, the permanent common school fund, the
                                     p. 10                         HB 1827
 1   scientific permanent fund, and the state university permanent fund
 2   shall be allocated to their respective beneficiary accounts.
 3       (b) Any state agency that has independent authority over accounts
 4   or funds not statutorily required to be held in the state treasury
 5   that deposits funds into a fund or account in the state treasury
 6   pursuant to an agreement with the office of the state treasurer shall
 7   receive its proportionate share of earnings based upon each account's
 8   or fund's average daily balance for the period.
 9       (5) In conformance with Article II, section 37 of the state
10   Constitution, no treasury accounts or funds shall be allocated
11   earnings without the specific affirmative directive of this section.

12       Sec. 5. RCW 43.84.092 and 2021 c 199 s 505 are each amended to
13   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   required for payments to financial institutions. Payments shall occur
                                     p. 11                         HB 1827
 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 brownfield redevelopment
12   trust fund account, the budget stabilization account, the capital
13   vessel replacement account, the capitol building construction
14   account, the Central Washington University capital projects account,
15   the charitable, educational, penal and reformatory institutions
16   account, the Chehalis basin account, the Chehalis basin taxable
17   account, the cleanup settlement account, the Columbia river basin
18   water supply development account, the Columbia river basin taxable
19   bond water supply development account, the Columbia river basin water
20   supply revenue recovery account, the common school construction fund,
21   the community forest trust account, the community reinvestment
22   account, the connecting Washington account, the county arterial
23   preservation account, the county criminal justice assistance account,
24   the deferred compensation administrative account, the deferred
25   compensation principal account, the department of licensing services
26   account, the department of retirement systems expense account, the
27   developmental disabilities community services account, the diesel
28   idle reduction account, the drinking water assistance account, the
29   administrative subaccount of the drinking water assistance account,
30   the early learning facilities development account, the early learning
31   facilities revolving account, the Eastern Washington University
32   capital projects account, the education construction fund, the
33   education legacy trust account, the election account, the electric
34   vehicle account, the energy freedom account, the energy recovery act
35   account, the essential rail assistance account, The Evergreen State
36   College capital projects account, the fair start for kids account,
37   the ferry bond retirement fund, the fish, wildlife, and conservation
38   account, the freight mobility investment account, the freight
39   mobility multimodal account, the grade crossing protective fund, the
40   public   health  services   account,  the   state   higher  education
                                     p. 12                         HB 1827
 1   construction account, the higher education construction account, the
 2   higher education retirement plan supplemental benefit fund, the
 3   highway bond retirement fund, the highway infrastructure account, the
 4   highway safety fund, the hospital safety net assessment fund, the
 5   Interstate 405 and state route number 167 express toll lanes account,
 6   the   judges'    retirement    account,    the   judicial    retirement
 7   administrative account, the judicial retirement principal account,
 8   the limited fish and wildlife account, the local leasehold excise tax
 9   account, the local real estate excise tax account, the local sales
10   and use tax account, the marine resources stewardship trust account,
11   the medical aid account, the money-purchase retirement savings
12   administrative   account,   the   money-purchase   retirement   savings
13   principal account, the motor vehicle fund, the motorcycle safety
14   education account, the multimodal transportation account, the
15   multiuse roadway safety account, the municipal criminal justice
16   assistance account, the oyster reserve land account, the pension
17   funding stabilization account, the perpetual surveillance and
18   maintenance account, the pilotage account, the pollution liability
19   insurance agency underground storage tank revolving account, the
20   public employees' retirement system plan 1 account, the public
21   employees' retirement system combined plan 2 and plan 3 account, the
22   public facilities construction loan revolving account, the public
23   health supplemental account, the public works assistance account, the
24   Puget Sound capital construction account, the Puget Sound ferry
25   operations account, the Puget Sound Gateway facility account, the
26   Puget Sound taxpayer accountability account, the real estate
27   appraiser commission account, the recreational vehicle account, the
28   regional mobility grant program account, the resource management cost
29   account, the rural arterial trust account, the rural mobility grant
30   program account, the rural Washington loan fund, the sexual assault
31   prevention and response account, the site closure account, the
32   skilled nursing facility safety net trust fund, the small city
33   pavement and sidewalk account, the special category C account, the
34   special wildlife account, the state investment board expense account,
35   the state investment board commingled trust fund accounts, the state
36   patrol highway account, the state reclamation revolving account, the
37   state route number 520 civil penalties account, the state route
38   number 520 corridor account, the statewide broadband account, the
39   statewide tourism marketing account, the supplemental pension
40   account, the Tacoma Narrows toll bridge account, the teachers'
                                      p. 13                         HB 1827
 1   retirement system plan 1 account, the teachers' retirement system
 2   combined plan 2 and plan 3 account, the tobacco prevention and
 3   control account, the tobacco settlement account, the toll facility
 4   bond retirement account, the transportation 2003 account (nickel
 5   account), the transportation equipment fund, the transportation
 6   future funding program account, the transportation improvement
 7   account, the transportation improvement board bond retirement
 8   account,    the    transportation    infrastructure   account,    the
 9   transportation partnership account, the traumatic brain injury
10   account, the University of Washington bond retirement fund, the
11   University of Washington building account, the voluntary cleanup
12   account, the volunteer firefighters' and reserve officers' relief and
13   pension principal fund, the volunteer firefighters' and reserve
14   officers' administrative fund, the vulnerable roadway user education
15   account, the Washington judicial retirement system account, the
16   Washington law enforcement officers' and firefighters' system plan 1
17   retirement account, the Washington law enforcement officers' and
18   firefighters' system plan 2 retirement account, the Washington public
19   safety employees' plan 2 retirement account, the Washington school
20   employees' retirement system combined plan 2 and 3 account, the
21   Washington state patrol retirement account, the Washington State
22   University building account, the Washington State University bond
23   retirement fund, the water pollution control revolving administration
24   account, the water pollution control revolving fund, the Western
25   Washington University capital projects account, the Yakima integrated
26   plan    implementation    account,   the   Yakima    integrated   plan
27   implementation revenue recovery account, and the Yakima integrated
28   plan implementation taxable bond account. Earnings derived from
29   investing balances of the agricultural permanent fund, the normal
30   school permanent fund, the permanent common school fund, the
31   scientific permanent fund, and the state university permanent fund
32   shall be allocated to their respective beneficiary accounts.
33        (b) Any state agency that has independent authority over accounts
34   or funds not statutorily required to be held in the state treasury
35   that deposits funds into a fund or account in the state treasury
36   pursuant to an agreement with the office of the state treasurer shall
37   receive its proportionate share of earnings based upon each account's
38   or fund's average daily balance for the period.



                                     p. 14                         HB 1827
1       (5) In conformance with Article II, section 37 of the state
2   Constitution, no treasury accounts or funds shall be allocated
3   earnings without the specific affirmative directive of this section.


4       NEW SECTION.    Sec. 6.     Section 4 of this act expires July 1,
5   2024.

6       NEW SECTION.   Sec. 7.    Section 5 of this act takes effect July 1,
7   2024.

                                    --- END ---




                                       p. 15                         HB 1827


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