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WA HB1477

Bill

Status

Introduced

1/21/2025

Primary Sponsor

Kristine Reeves

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Renames the "Washington saves administrative treasury account" to the "Washington saves administrative trust account" throughout state law

  • The account, held in custody of the state treasurer, funds administrative and operating expenses for the Washington Saves retirement program for employees without employer-sponsored plans

  • Account is exempt from state appropriation and allotment requirements, and may receive grants, gifts, or appropriations from state and federal sources

  • Updates RCW 43.79A.040 to include the renamed account among funds receiving proportionate investment earnings from the treasurer's trust fund

  • Section 3 expires July 1, 2030, with Section 4 taking effect on that same date to maintain continuity of the statutory changes

Legislative Description

Concerning the Washington saves administrative trust account.

Last Action

House Rules "X" file.

1/12/2026

Committee Referrals

Rules2/10/2025
Appropriations1/21/2025

Full Bill Text

No bill text available