Bill > SB5872

This bill establishes the "preK promise account," a dedicated fund within the state treasurer's custody solely for the early childhood education and assistance program, which will receive and hold any gifts, grants, or donations designated for this purpose, with expenditures authorized only by the secretary and subject to state budgeting procedures but not requiring a specific legislative appropriation. The bill also amends existing law (RCW 43.79A.040) to ensure that investment earnings from the treasurer's trust fund are distributed to various accounts, including the newly created preK promise account, and specifies that any remaining funds in the preK promise account will accumulate and not revert to the general fund at the end of a two-year budget period (biennium). Furthermore, the bill includes provisions for the immediate effectiveness of certain sections and sets an expiration date for one section while delaying the effectiveness of another, indicating a phased implementation of these changes.

Budget and Finance

https://app.leg.wa.gov/billsummary?BillNumber=5872&Year=2025&Initiative=false