Bill > SB5441

This bill is a comprehensive legislative measure focused on reorganizing and streamlining various state financial accounts and fund management practices. The bill repeals or eliminates twelve specific accounts, including the Juvenile Accountability Incentive Account, Internet Consumer Access Account, and Washington State Flag Account, among others. It makes technical amendments to several existing laws related to how certain state accounts are managed, including changes to how earnings from investment accounts are distributed and how funds are transferred. The bill modifies provisions related to broadband mapping, medical cannabis authorization databases, and guaranteed asset protection waivers. Importantly, for any abolished accounts, the bill specifies that remaining balances will generally be transferred to the state general fund, with a few exceptions where funds will be redirected to specific related accounts. The bill includes provisions with staggered effective dates, with most sections taking effect on June 30, 2025, and some specific sections expiring on future dates in 2028 and 2030. The legislation appears to be part of a broader effort to consolidate and simplify state financial management by eliminating redundant or obsolete accounts and streamlining administrative processes.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5441&Year=2025&Initiative=false