WA HB2327

Directs the Joint Legislative Audit and Review Committee to review the trust structure established in 1935 when 21 counties transferred approximately 538,000 acres of tax-foreclosed timberlands to the state for management by the Department of Natural Resources

Requires examination of DNR's performance as trust manager, including county-by-county analysis of timber volumes offered for sale versus not offered over the past three decades under sustainable harvest calculations

Mandates comparison with other trusts established for similar purposes, focusing on ascertainable standards, transparency, and performance measures for protecting beneficiary rights

Requires the committee to develop recommendations for adjustments to ensure the trust adheres to original conditions under which counties exchanged lands and fundamental trust principles of fairness and equity

Findings and recommendations due to the legislature by December 31, 2027, with provisions expiring June 30, 2028