WA HB2058

Private entities receiving public grant funds must hire a third-party auditor (approved by the state auditor) to conduct annual audits covering total funds received, itemized spending, program effectiveness, and whether intended goals were achieved

Administrative expenses are capped at less than 15 percent of public moneys received, and grants cannot be renewed without annual reapplication and approval

Audits must be submitted to the state auditor within six months after the fiscal year closes and will be published on the state auditor's website

Private entities bear the cost of their own audits; the state auditor is responsible for ensuring compliance

"Private entity" includes firms, corporations, nonprofits, partnerships, joint ventures, and other nonpublic entities; audits must also assess "community buy-in" demonstrated through local government resolutions or other public support