Bill > HB2672

This bill requires private entities that receive state funding, whether directly or as subgrantees, to disclose specific information as part of their grant applications or renewals. This information includes the names and total compensation of employees earning over $100,000 annually, the names of any employees who have held public office in Washington state within the last five years, the names and compensation of board members, any political contributions made by the entity in the past four election cycles, and a detailed accounting of how the grant money will be used. State and local agencies awarding these grants must provide the approved disclosure form, ensure compliance, and submit all completed forms, including those from unsuccessful applicants, to the Office of Financial Management (OFM). Failure to comply will result in the forfeiture of the award and repayment of all funds received. The OFM will then maintain a publicly searchable database of these disclosures, which are intended to increase transparency regarding how state funds are distributed to private organizations.

Business and Industry

https://app.leg.wa.gov/billsummary?BillNumber=2672&Year=2025&Initiative=false