Multiple Agency Fiscal Note Summary, Bill 2523 HB — Community reinvestment prg. (Preliminary, 1/28/2026)
Summary
A Multiple Agency Fiscal Note Summary for Bill Number 2523 HB, titled Community reinvestment prg., marked Preliminary 1/28/2026 and prepared by Marie Davis, OFM. The rollup lists the Office of State Treasurer, the Department of Commerce (fiscal note not available) and The Evergreen State College, with 158,595 in 2025-27 operating expenditures for the college. The Office of State Treasurer note says the cost to the office is negligible, so it reflects no fiscal impact. The college note says the bill directs the Washington State Institute for Public Policy (WSIPP) to study the Department of Commerce's distribution of community reinvestment account funds, with a report due to the legislature by June 30, 2027.
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“Multiple Agency Fiscal Note Summary, Bill 2523 HB — Community reinvestment prg. (Preliminary, 1/28/2026).”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2026-02-03-a33849-d294157-2523-fn-preliminary-5c19134c72/
, SHA-256 6d3e03f2deccea4afe92eefb06ca26af002bd00dea531eeabf33e727e1e71acd.Full text
Multiple Agency Fiscal Note Summary
Bill Number: 2523 HB Title: Community reinvestment prg.
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-Outloo Total FTEs GF-State NGF-Outlook Total
Office of State .0 0 0 0 .0 0 0 0 .0 0 0 0
Treasurer
Department of Fiscal note not available
Commerce
The Evergreen .5 158,595 158,595 158,595 .0 0 0 0 .0 0 0 0
State College
Total $ 0.5 158,595 158,595 158,595 0.0 0 0 0 0.0 0 0 0
Estimated Capital Budget Expenditures
Agency Name 2025-27 2027-29 2029-31
FTEs Bonds Total FTEs Bonds Total FTEs Bonds Total
Office of State Treasurer .0 0 0 .0 0 0 .0 0 0
Department of Commerce Fiscal note not available
The Evergreen State .0 0 0 .0 0 0 .0 0 0
College
Total $ 0.0 0 0 0.0 0 0 0.0 0 0
Estimated Capital Budget Breakout
NONE
Prepared by: Marie Davis, OFM Phone: Date Published:
(360) 890-1163 Preliminary 1/28/2026
FNPID: 75900
FNS029 Multi Agency rollup
Individual State Agency Fiscal Note
Bill Number: 2523 HB Title: Community reinvestment prg. Agency: 090-Office of State Treasurer
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: Martha Wehling Phone: 360-786-7067 Date: 01/19/2026
Agency Preparation: Mandy Kaplan Phone: (360) 902-8977 Date: 01/23/2026
Agency Approval: Dan Mason Phone: (360) 902-8990 Date: 01/23/2026
OFM Review: Megan Tudor Phone: (360) 890-1722 Date: 01/26/2026
Form FN (Rev 1/00) 209,692.00 Request # 612-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 2523 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.
HB 2523 amends the community reinvestment program.
The cost to the office is negligible, therefore this fiscal note reflects a no 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
Community reinvestment prg. 090-Office of State Treasurer
Form FN (Rev 1/00) 209,692.00 Request # 612-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 2523 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.
Community reinvestment prg. 090-Office of State Treasurer
Form FN (Rev 1/00) 209,692.00 Request # 612-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 2523 HB
Individual State Agency Fiscal Note
Bill Number: 2523 HB Title: Community reinvestment prg. Agency: 376-The Evergreen State
College
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 0.0 0.9 0.5 0.0 0.0
Account
General Fund-State 001-1 0 158,595 158,595 0 0
Total $ 0 158,595 158,595 0 0
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.
Requires new rule making, complete Part V.
Legislative Contact: Martha Wehling Phone: 360-786-7067 Date: 01/19/2026
Agency Preparation: Catherine Nicolai Phone: (360) 664-9087 Date: 01/21/2026
Agency Approval: Lisa Dawn-Fisher Phone: 564-233-1577 Date: 01/21/2026
OFM Review: Ramona Nabors Phone: (360) 742-8948 Date: 01/26/2026
Form FN (Rev 1/00) 209,527.00 Request # 2026-027-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 2523 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. 4 of HB 2523 directs the Washington State Institute for Public Policy (WSIPP) to conduct a study researching,
analyzing, and determining, to the extent practicable, the Department of Commerce's distribution of and the recipient
organizations' use of the funds allocated under the community reinvestment account in RCW 43.79.567.
In conducting the study, WSIPP may conduct fact-finding and stakeholder discussions with the Department, the office of
equity, organizations that received funds, and organizations that were eligible for funds but did not receive funds.
A report is due to the legislature by June 30, 2027.
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.
In order to complete the assignment outlined in Sec. 4 of HB 2523, WSIPP would assign the following resources:
FY27:
-0.79 FTE Researcher to submit data requests, conduct outreach, process and analyze the data, and write the report.
-0.06 FTE Methods Review to develop a study plan.
-0.06 FTE Editing/Publication for publication.
*Goods and other services include a 12% indirect rate for The Evergreen State College.
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 0 158,595 158,595 0 0
Total $ 0 158,595 158,595 0 0
III. B - Expenditures by Object Or Purpose
FY 2026 FY 2027 2025-27 2027-29 2029-31
FTE Staff Years 0.9 0.5
A-Salaries and Wages 109,046 109,046
B-Employee Benefits 32,557 32,557
C-Professional Service Contracts
E-Goods and Other Services 16,992 16,992
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
9-
Total $ 0 158,595 158,595 0 0
Community reinvestment prg. 376-The Evergreen State College
Form FN (Rev 1/00) 209,527.00 Request # 2026-027-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 2523 HB
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
Editing/Publication 113,985 0.1 0.0
Methods Review 128,020 0.1 0.0
Researcher 113,988 0.8 0.4
Total FTEs 0.9 0.5 0.0
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
Part V: New Rule Making Required
Provisions of the bill that require the agency to adopt new administrative rules or repeal/revise existing rules.
Community reinvestment prg. 376-The Evergreen State College
Form FN (Rev 1/00) 209,527.00 Request # 2026-027-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 2523 HB
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