WAS LEG Washington Trust Account

Published on: May 5, 2025

On Apr. 30, WAS LEG enacted bill on State trust account funds.

  • WAS LEG enacted SB 5616 on the Washington saves administrative trust account.
  • Amend WAS LEG 19.05.010 (definitions), WAS LEG 19.05.110 (administrative treasury trust account) and WAS LEG 43.79A.040 (investment income account, distribution).
  • Bill Provisions
  • Renames Washington saves administrative treasury trust account, removes treasury.
  • Specifies authority of the State treasurer related to deposits, investments, income, distribution amounts/proportionate share, to and from the trust fund account.
  • Legislative History
  • On Jan. 31, 2025, bill introduced in Senate; on Mar. 11, 2025, bill passed in Senate.
  • On Mar. 13, 2025, bill introduced in House; on Apr. 14, 2025, bill passed in House.
  • On Apr. 30, 2025, bill was approved by the governor and assigned Chapter 190.
  • Effectiveness
  • Chapter 190 becomes effective on Jul. 27, 2025; Section 5 of 190 expires Jul. 1, 2030.
  • Section 6 takes effect on Jul. 1, 2030.
Regulators
WAS LEG
Entity Types
Corp
Reference
Ch. 190, SB 5616, 4/30/2025; Citation: *WAS LEG* 19.05.010, 19.05.110, 43.79A.040;
Functions
Compliance; Financial; Legal
Countries
United States of America
Category
State
N/A
Products
Corporate
Rule Type
Final
Regions
Am
Rule Date
Apr 30, 2025
Effective Date
Jul 27, 2025
Rule ID
252933
Linked to
N/A
Reg. Last Update
Apr 30, 2025
Report Section
US Consumer