The bill amends several sections of the Revised Code of Washington (RCW) related to the Washington Saves administrative trust account, specifically RCW 19.05.010 and 19.05.110, while also reenacting and amending RCW 43.79A.040. Key changes include the renaming of the "Washington saves administrative treasury trust account" to the "Washington saves administrative trust account" and clarifying the purposes for which expenditures from this account may be used, which are limited to administrative and operating expenses of the program. The bill also specifies that only the director of the administrative agency or their designee can authorize expenditures from the account, which is exempt from appropriation and allotment provisions.

Additionally, the bill introduces new sections that establish an expiration date for certain provisions, specifically stating that Section 3 will expire on July 1, 2030, while Section 4 will take effect on the same date. This structure aims to ensure that the Washington Saves program remains effective and accountable while providing a clear timeline for its administrative framework.

Statutes affected:
Original Bill: 19.05.010, 19.05.110