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WA SB5392
Bill
Status
Introduced
1/21/2025
Primary Sponsor
June Robinson
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AI Summary
- Transfers $1,632,500,000 from the budget stabilization account to the state general fund by June 15, 2026 to address increased costs and utilization of state services
- Requires repayment in two equal installments: $816,250,000 on June 30, 2028 and $816,250,000 on June 30, 2029
- Full repayment to the budget stabilization account must be completed by the end of fiscal year 2029
- Clarifies that these transfers do not alter the requirement to balance budgets in ensuing biennia under RCW 43.88.055(4)
Legislative Description
Concerning budget stabilization account transfers.
Last Action
By resolution, reintroduced and retained in present status.
1/12/2026
Committee Referrals
Ways & Means1/21/2025
Full Bill Text
No bill text available