The bill establishes a framework for transferring funds from the budget stabilization account to the state general fund to address the increasing costs of services necessary for the health, welfare, and public safety of Washington residents. Specifically, it mandates that by June 15, 2026, the state treasurer will transfer $1,632,500,000 from the budget stabilization account to the state general fund. This transfer is intended to support state services in fiscal year 2026.

Additionally, the bill outlines a repayment plan for the transferred funds, requiring the state treasurer to return the same amount to the budget stabilization account in two installments of $816,250,000 each, due on June 30, 2028, and June 30, 2029. The bill clarifies that these transfers will not affect the requirement to balance the budget in subsequent biennia, ensuring fiscal responsibility while providing necessary funding for state services.