The bill aims to promote the development of geothermal energy resources in Washington State by establishing a comprehensive database of subsurface geologic information, updating leasing guidelines for geothermal resources, and creating a competitive grant program for exploratory drilling. A new section added to chapter 43.92 RCW mandates the geological survey to maintain a publicly accessible database that includes various geologic data, while RCW 79.13.530 is amended to require the department to update geothermal lease rates by September 30, 2024, ensuring they remain competitive with federal and other state rates. The updated rates should also consider the state's obligations to trust beneficiaries and federally reserved tribal rights.

Additionally, the bill establishes a geothermal exploration cost-share grant program under a new section in chapter 43.31 RCW, which incentivizes deep exploratory drilling to identify suitable geothermal development locations. The program will provide grants to offset drilling costs, with specific criteria for applicants, including community engagement and adherence to labor standards. A collaborative process led by the department of ecology will identify opportunities and risks associated with geothermal resource development, ensuring meaningful consultation with federally recognized Indian tribes and addressing potential impacts on cultural and natural resources. The department is required to report on the collaborative process and its findings to the legislature by specified deadlines.

Statutes affected:
Original Bill: 79.13.530
Substitute Bill: 79.13.530
Engrossed Substitute: 79.13.530
Bill as Passed Legislature: 79.13.530
Session Law: 79.13.530