Multiple Agency Fiscal Note Summary, 1245 HB, Business development
Summary
Multiple Agency Fiscal Note Summary for 1245 HB, titled Business development, marked Preliminary 1/21/2025, with estimated cash receipts of NONE. The operating expenditures table shows the Office of the Secretary of State at 0.9 FTE and 1,158,000 for 2025-27, then 76,000 for 2027-29 and 76,000 for 2029-31, and the Department of Commerce as Fiscal note not available. The Office of the Governor narrative says Section 2 establishes the Office of Entrepreneurship, whose Director the Governor must appoint, and that appointing this position will not have a fiscal impact. Section 3 requires a report to legislative committees by November 1, 2026.
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“Multiple Agency Fiscal Note Summary, 1245 HB, Business development.”
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, SHA-256 af252172607b0ff11f0d62b99c1ad4f6475b10169ae8e739e45d2ed179fb21a3.Full text
Multiple Agency Fiscal Note Summary
Bill Number: 1245 HB Title: Business development
Estimated Cash Receipts
NONE
Estimated Operating Expenditures
Agency Name 2025-27 2027-29 2029-31
FTEs GF-State NGF-Outlook Total FTEs GF-State NGF-Outlook Total FTEs GF-State NGF-Outlook Total
Office of the .0 0 0 0 .0 0 0 0 .0 0 0 0
Governor
Office of the .9 1,158,000 1,158,000 1,158,000 .2 76,000 76,000 76,000 .2 76,000 76,000 76,000
Secretary of
State
Department of Fiscal note not available
Commerce
Office of .0 0 0 0 .0 0 0 0 .0 0 0 0
Minority and
Women's
Business
Enterprises
Department of .0 0 0 0 .0 0 0 0 .0 0 0 0
Enterprise
Services
Department of .0 0 0 0 .0 0 0 0 .0 0 0 0
Veterans Affairs
Total $ 0.9 1,158,000 1,158,000 1,158,000 0.2 76,000 76,000 76,000 0.2 76,000 76,000 76,000
Estimated Capital Budget Expenditures
Agency Name 2025-27 2027-29 2029-31
FTEs Bonds Total FTEs Bonds Total FTEs Bonds Total
Office of the Governor .0 0 0 .0 0 0 .0 0 0
Office of the Secretary of .0 0 0 .0 0 0 .0 0 0
State
Department of Commerce Fiscal note not available
Office of Minority and .0 0 0 .0 0 0 .0 0 0
Women's Business
Enterprises
Department of Enterprise .0 0 0 .0 0 0 .0 0 0
Services
Department of Veterans .0 0 0 .0 0 0 .0 0 0
Affairs
Total $ 0.0 0 0 0.0 0 0 0.0 0 0
FNPID 71675
:
FNS029 Multi Agency rollup
Estimated Capital Budget Breakout
Prepared by: Marie Davis, OFM Phone: Date Published:
(360) 890-1163 Preliminary 1/21/2025
FNPID 71675
:
FNS029 Multi Agency rollup
Individual State Agency Fiscal Note
Bill Number: 1245 HB Title: Business development Agency: 075-Office of the Governor
Part I: Estimates
X No Fiscal Impact
Estimated Cash Receipts to:
NONE
Estimated Operating Expenditures from:
NONE
Estimated Capital Budget Impact:
NONE
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Emily Poole Phone: 360-786-7106 Date: 01/15/2025
Agency Preparation: Kathy Cody Phone: (360) 480-7237 Date: 01/17/2025
Agency Approval: Jamie Langford Phone: (360) 870-7766 Date: 01/17/2025
OFM Review: Gwen Stamey Phone: (360) 790-1166 Date: 01/17/2025
Form FN (Rev 1/00) 197,132.00 Request # 25-039-1-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 1245 HB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
Section 2 of HB 1245 establishes the Office of Entrepreneurship. The Governor must appoint a Director of this Office.
The Office of the Governor believes appointing this position will not have a fiscal impact.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished between one time and ongoing functions.
Part III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE
III. C - Operating FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part I
and Part IIIA.
NONE
III. D - Expenditures By Program (optional)
NONE
Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE
IV. B - Expenditures by Object Or Purpose
NONE
IV. C - Capital Budget Breakout
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Business development 075-Office of the Governor
Form FN (Rev 1/00) 197,132.00 Request # 25-039-1-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 1245 HB
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Business development 075-Office of the Governor
Form FN (Rev 1/00) 197,132.00 Request # 25-039-1-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 1245 HB
Individual State Agency Fiscal Note
Bill Number: 1245 HB Title: Business development Agency: 085-Office of the Secretary of
State
Part I: Estimates
No Fiscal Impact
Estimated Cash Receipts to:
NONE
Estimated Operating Expenditures from:
FY 2026 FY 2027 2025-27 2027-29 2029-31
FTE Staff Years 1.5 0.2 0.9 0.2 0.2
Account
General Fund-State 001-1 1,120,000 38,000 1,158,000 76,000 76,000
Total $ 1,120,000 38,000 1,158,000 76,000 76,000
Estimated Capital Budget Impact:
NONE
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
X
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
X Requires new rule making, complete Part V.
Legislative Contact: Emily Poole Phone: 360-786-7106 Date: 01/15/2025
Agency Preparation: Bonnie Luntzel Phone: 360-570-5575 Date: 01/21/2025
Agency Approval: Tim Gallivan Phone: (360) 763-2044 Date: 01/21/2025
OFM Review: Marie Davis Phone: (360) 890-1163 Date: 01/21/2025
Form FN (Rev 1/00) 197,135.00 Request # 1245 HB-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 1245 HB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
Sec 2 (3) has the Office of the Secretary of State cooperate with and assist the new office of entrepreneurship in the
performance of its duties and functions, including by providing data collected by such agencies that is necessary for the
office to complete its reporting obligations under section 3 of this act.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
No Impact.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished between one time and ongoing functions.
The Office of the Secretary of State (OSOS) will require a buildout within the Corporations and Charities Filing System
(CCFS) to adequately record the information for the reports under Section 2(3) for the identifiers under Section 3(1)(c):
The following resources and standard costs* will be needed to build out the identifiers for the business entity originations
that are recorded with the OSOS:
• IT Business Analyst: This position will create user stories and user acceptance criteria in collaboration with Product
Owner, business users and subject matter experts to meet the provisions of the bill. In FY2026, OSOS anticipates needing
0.5 FTE (annual salaries and benefits: $76,884, rounded to $77,000 for reporting purposes) and 0.1 FTE ongoing (annual
salaries and benefits: $15,377, rounded to $16,000 for reporting purposes)
• Management Analyst 5: This position will provide functional testing assignments to management analysts and perform
functional testing of system enhancements. Track and problem solve coding errors as reported by management analysts in
coordination with the business product owner, project manager and application developer testing of system build
enhancements and regression testing. In FY2026, OSOS anticipates needing 0.5 FTE (annual salaries and benefits: $65,129,
rounded to $66,000 for reporting purpose).
• Management Analyst 3: This position will perform functional testing of system enhancements as assigned by the
Management Analyst 5, report errors, and perform testing of system builds and enhancements and regression testing of
successful code release. In FY2026, OSOS anticipates needing 0.5 FTE (annual salaries and benefits: $52,602, rounded to
$53,000 for reporting purposes) and 0.1 FTE ongoing (annual salaries and benefits: $10,521, rounded to $11,000 for reporting
purposes).
• Contracted resources: In FY 2026, OSOS assumes needing contractor resources (4 application developers at $184,080
per year) to provide coding and programming system functional requirements as established by the IT Business Analyst,
Product Owner and division stakeholders. Perform functional testing of system builds and enhancements. Accessibility,
retention, and regression testing.
*Standard Costs: OSOS will incorporate the following standard costs narrative: Goods and services, Object E, includes
$29,000 per FTE, per year, for OSOS standard costs, which cover an average employee's supplies, communications,
training, and subscription costs per year. An administrative allocation rate of 15% is included in object T and is calculated
Business development 085-Office of the Secretary of State
Form FN (Rev 1/00) 197,135.00 Request # 1245 HB-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 1245 HB
based on OSOS cost allocation processes.
Part III: Expenditure Detail
III. A - Operating Budget Expenditures
Account Account Title Type FY 2026 FY 2027 2025-27 2027-29 2029-31
001-1 General Fund State 1,120,000 38,000 1,158,000 76,000 76,000
Total $ 1,120,000 38,000 1,158,000 76,000 76,000
III. B - Expenditures by Object Or Purpose
FY 2026 FY 2027 2025-27 2027-29 2029-31
FTE Staff Years 1.5 0.2 0.9 0.2 0.2
A-Salaries and Wages 146,000 20,000 166,000 40,000 40,000
B-Employee Benefits 48,000 7,000 55,000 14,000 14,000
C-Professional Service Contracts 736,000 736,000
E-Goods and Other Services 44,000 6,000 50,000 12,000 12,000
G-Travel
J-Capital Outlays
M-Inter Agency/Fund Transfers
N-Grants, Benefits & Client Services
P-Debt Service
S-Interagency Reimbursements
T-Intra-Agency Reimbursements 146,000 5,000 151,000 10,000 10,000
9-
Total $ 1,120,000 38,000 1,158,000 76,000 76,000
III. C - Operating FTE Detail: List FTEs by classification and corresponding annual compensation. Totals need to agree with total FTEs in
Part I and Part IIIA
Job Classification Salary FY 2026 FY 2027 2025-27 2027-29 2029-31
IT Business Analyst - SR/SPEC 124,068 0.5 0.1 0.3 0.1 0.1
Management Analyst 3 76,608 0.5 0.1 0.3 0.1 0.1
Management Analyst 5 98,040 0.5 0.3
Total FTEs 1.5 0.2 0.9 0.2 0.2
III. D - Expenditures By Program (optional)
NONE
Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE
IV. B - Expenditures by Object Or Purpose
NONE
IV. C - Capital Budget Breakout
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Business development 085-Office of the Secretary of State
Form FN (Rev 1/00) 197,135.00 Request # 1245 HB-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 1245 HB
No Impact.
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
RCW 23.95.255 will need to be updated to reflect the identifiers as part of the reporting process of businesses.
Business development 085-Office of the Secretary of State
Form FN (Rev 1/00) 197,135.00 Request # 1245 HB-1
FNS063 Individual State Agency Fiscal Note 4 Bill # 1245 HB
Individual State Agency Fiscal Note
Bill Number: 1245 HB Title: Business development Agency: 147-Office of Minority and
Women's Business
Enterprises
Part I: Estimates
X No Fiscal Impact
Estimated Cash Receipts to:
NONE
Estimated Operating Expenditures from:
NONE
Estimated Capital Budget Impact:
NONE
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Emily Poole Phone: 360-786-7106 Date: 01/15/2025
Agency Preparation: Ian Shelley Phone: (360) 489-5779 Date: 01/20/2025
Agency Approval: Ian Shelley Phone: (360) 489-5779 Date: 01/20/2025
OFM Review: Megan Tudor Phone: (360) 890-1722 Date: 01/21/2025
Form FN (Rev 1/00) 197,562.00 Request # -1
FNS063 Individual State Agency Fiscal Note 1 Bill # 1245 HB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
Section 1 provides definitions that apply to sections 2 and 3.
Section 2 (1) establishes the office of entrepreneurship. Section 2 (3) states that the “office may collaborate” with the
Office of Minority and Women’s Business Enterprises (OMWBE), and, if so, OMWBE is required to assist the new Office
in performing its duties, which may include providing data.
Section 3 requires the office of entrepreneurship to submit a report to legislative committees by November 1, 2026, and
biennially thereafter.
If requested, OWMBE will assist this new agency in the same manner that it does for other agencies that it collaborates
with. OMWBE will be able to do this within existing resources. Therefore, there is no fiscal impact for this original bill.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished between one time and ongoing functions.
Part III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE
III. C - Operating FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part I
and Part IIIA.
NONE
III. D - Expenditures By Program (optional)
NONE
Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE
IV. B - Expenditures by Object Or Purpose
NONE
Business development 147-Office of Minority and Women's Business Enterprise
Form FN (Rev 1/00) 197,562.00 Request # -1
FNS063 Individual State Agency Fiscal Note 2 Bill # 1245 HB
IV. C - Capital Budget Breakout
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Business development 147-Office of Minority and Women's Business Enterprise
Form FN (Rev 1/00) 197,562.00 Request # -1
FNS063 Individual State Agency Fiscal Note 3 Bill # 1245 HB
Individual State Agency Fiscal Note
Bill Number: 1245 HB Title: Business development Agency: 179-Department of Enterprise
Services
Part I: Estimates
X No Fiscal Impact
Estimated Cash Receipts to:
NONE
Estimated Operating Expenditures from:
NONE
Estimated Capital Budget Impact:
NONE
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Emily Poole Phone: 360-786-7106 Date: 01/15/2025
Agency Preparation: Michael Diaz Phone: (360) 407-8131 Date: 01/20/2025
Agency Approval: Jessica Goodwin Phone: (360) 819-3719 Date: 01/20/2025
OFM Review: Gwen Stamey Phone: (360) 790-1166 Date: 01/20/2025
Form FN (Rev 1/00) 197,438.00 Request # -1
FNS063 Individual State Agency Fiscal Note 1 Bill # 1245 HB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
Section 2 adds a new section to RCW 43.330 and establishes the Office of Entrepreneurship (Office) within the
Department of Commerce (Commerce). Subsection 1(3) states that the Office may collaborate with several state agencies,
including the Department of Enterprise Services (DES), to carry out its purpose. Each agency identified in section 2(3) shall
cooperate with and assist the Office by providing the data that is necessary for the Office to meet its reporting obligations,
as defined under section 3 of this act.
Section 3 adds a new section to RCW 43.330 stating the Office shall produce a report to the Legislature beginning
November 1, 2026, and biennially thereafter. The details of what must be included in the report are defined in section 3(1)
(a-h).
Subsection 3(2) states that the Office shall encourage five percent of the total number and value of state contracts to be
awarded to businesses that have been in operation for not more than five years and whose principal place of business is in
this state.
DES collects data for statewide contracts and public works bids and can provide this information to the Office of
Entrepreneurship in the normal course of business. Should the Office require DES to provide data that is not currently
collected system enhancements and/or additional staff may be needed, which could result in a future fiscal impact.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished between one time and ongoing functions.
Part III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE
III. C - Operating FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part I
and Part IIIA.
NONE
III. D - Expenditures By Program (optional)
NONE
Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE
Business development 179-Department of Enterprise Services
Form FN (Rev 1/00) 197,438.00 Request # -1
FNS063 Individual State Agency Fiscal Note 2 Bill # 1245 HB
IV. B - Expenditures by Object Or Purpose
NONE
IV. C - Capital Budget Breakout
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Business development 179-Department of Enterprise Services
Form FN (Rev 1/00) 197,438.00 Request # -1
FNS063 Individual State Agency Fiscal Note 3 Bill # 1245 HB
Individual State Agency Fiscal Note
Bill Number: 1245 HB Title: Business development Agency: 305-Department of Veterans
Affairs
Part I: Estimates
X No Fiscal Impact
Estimated Cash Receipts to:
NONE
Estimated Operating Expenditures from:
NONE
Estimated Capital Budget Impact:
NONE
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Emily Poole Phone: 360-786-7106 Date: 01/15/2025
Agency Preparation: Mirach Sebhat Phone: (360) 451-2296 Date: 01/17/2025
Agency Approval: Yacob Zekarias Phone: 253-545-1942 Date: 01/17/2025
OFM Review: Arnel Blancas Phone: (360) 000-0000 Date: 01/17/2025
Form FN (Rev 1/00) 197,145.00 Request # 305-25-005-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 1245 HB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Significant provisions of the bill and any related workload or policy assumptions that have revenue or expenditure impact on the responding agency by
section number.
1245 HB has no fiscal impact to the Washington Department of Veterans Affairs (WDVA). Any minor administrative
efforts required to support the Office of Entrepreneurship through resource referral and data sharing can be managed
within existing staff and resources.
This bill establishes The Office of Entrepreneurship, designed to facilitate the creation and growth of business in
Washington State. The Office’s functions include:
1. Supporting businesses with fewer than 10 employees.
2. Providing technical support and resources for entrepreneurs.
3. Assisting businesses in operation for less than five years in navigating state agencies.
4. Identifying government regulations and fees that hinder business formation.
5. Collaborating with other support agencies, including the WDVA.
Support agencies will assist the Office in its functions, including providing data for required reporting. The bill mandates the
Office to submit a biennial legislative report detailing state contract spending, demographic data, and barriers faced by
business operating for less than five years. Additionally, the Office is tasked with encouraging the allocation of at least five
percent of state contracts, both by number and value, to businesses that have in operation for less than five years.
WDVA’s only involvement will be to support the Office by providing resource referrals and necessary data, which can be
absorbed within existing staffing and resources.
II. B - Cash receipts Impact
Cash receipts impact of the legislation on the responding agency with the cash receipts provisions identified by section number and when appropriate, the
detail of the revenue sources. Description of the factual basis of the assumptions and the method by which the cash receipts impact is derived. Explanation
of how workload assumptions translate into estimates. Distinguished between one time and ongoing functions.
II. C - Expenditures
Agency expenditures necessary to implement this legislation (or savings resulting from this legislation), with the provisions of the legislation that result in
the expenditures (or savings) identified by section number. Description of the factual basis of the assumptions and the method by which the expenditure
impact is derived. Explanation of how workload assumptions translate into cost estimates. Distinguished between one time and ongoing functions.
Part III: Expenditure Detail
III. A - Operating Budget Expenditures
NONE
III. B - Expenditures by Object Or Purpose
NONE
III. C - Operating FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part I
and Part IIIA.
NONE
III. D - Expenditures By Program (optional)
NONE
Business development 305-Department of Veterans Affairs
Form FN (Rev 1/00) 197,145.00 Request # 305-25-005-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 1245 HB
Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE
IV. B - Expenditures by Object Or Purpose
NONE
IV. C - Capital Budget Breakout
Acquisition and construction costs not reflected elsewhere on the fiscal note and description of potential financing methods.
NONE
IV. D - Capital FTE Detail: FTEs listed by classification and corresponding annual compensation. Totals agree with total FTEs in Part IVB.
NONE
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Business development 305-Department of Veterans Affairs
Form FN (Rev 1/00) 197,145.00 Request # 305-25-005-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 1245 HB
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