The proposed bill seeks to establish the Washington Institute for Scientific Advancement in response to significant federal funding cuts that have adversely affected scientific research in the state. It introduces a new account for the institute, which will be funded through the issuance of up to $6 billion in general obligation bonds, pending voter approval in the next general election. The funds will support various scientific initiatives, including biomedical research, climate studies, and technological development, with a focus on projects that can replace lost federal funding. The bill underscores the importance of sustaining research to enhance public health and economic prosperity in Washington.

Additionally, the bill establishes a research council responsible for overseeing the institute's strategic objectives and determining funding priorities based on scientific merit. It mandates a competitive grant process with peer review and public oversight, ensuring transparency in grant awards. The council will consist of members serving without compensation, who may be reimbursed for travel expenses, and will have the authority to create scientific peer review panels to evaluate research proposals. The legislation also requires the institute to submit annual reports on its activities and grants starting December 1, 2028, and mandates compliance with the Open Public Meetings Act to ensure transparency in governance.

Statutes affected:
Original bill: 42.30.110