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WA HB1477
Bill
Status
1/21/2025
Primary Sponsor
Kristine Reeves
Click for details
AI Summary
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Renames the "Washington saves administrative treasury account" to the "Washington saves administrative trust account" throughout state law
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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
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Account is exempt from state appropriation and allotment requirements, and may receive grants, gifts, or appropriations from state and federal sources
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Updates RCW 43.79A.040 to include the renamed account among funds receiving proportionate investment earnings from the treasurer's trust fund
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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