SENATE BILL 6727
State of Washington 55th Legislature 1998 Regular Session
By Senators West, Wood, Hale, Kohl, Winsley, Prince, B. Sheldon, McDonald, Brown, Bauer, Rasmussen and Oke
Read first time 01/29/98. Referred to Committee on Ways & Means.
AN ACT Relating to investments in education; amending RCW 43.79.460 and 28A.305.235; adding a new section to chapter 43.79 RCW; creating a new section; and recodifying RCW 28A.305.235.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 43.79.460 and 1997 c 261 s 1 are each amended to read as follows:
(1) The savings incentive account is created in the custody of the state treasurer. The account shall consist of all moneys appropriated to the account by the legislature. The account is subject to the allotment procedures under chapter 43.88 RCW, but no appropriation is required for expenditures from the account.
Within the savings incentive account, the state treasurer may create
subaccounts to be credited with ((
moneys)) incentive savings
attributable to individual state agencies, as determined by the office of
financial management in consultation with the legislative fiscal committees.
Moneys deposited in the subaccounts may be expended only on the authorization
of the agency's executive head or designee and only for the purpose of one-time
expenditures to improve the quality, efficiency, and effectiveness of services
to customers of the state, such as one-time expenditures for employee training,
employee incentives, technology improvements, new work processes, or
performance measurement. Funds may not be expended from the account to
establish new programs or services, expand existing programs or services, or
incur ongoing costs that would require future expenditures.
(3) For purposes of this section, "incentive savings" means state general fund appropriations that are unspent as of June 30th of a fiscal year, excluding any amounts included in across-the-board reductions under RCW 43.88.110 and excluding unspent appropriations for:
(a) Caseload and enrollment in entitlement programs, except to the extent that an agency has clearly demonstrated that efficiencies have been achieved in the administration of the entitlement program. "Entitlement program," as used in this section, includes programs for which specific sums of money are appropriated for pass-through to third parties or other entities;
Enrollments in state institutions of higher education((
A specific amount contained in a condition or limitation to an
appropriation in the biennial appropriations act, if the agency did not achieve
the specific purpose or objective of the condition or
Debt service on state obligations((
(e) State retirement system obligations.
The office of fiscal management, after consulting with the legislative fiscal
committees, shall report to the treasurer the amount of savings incentives
(4))) By December 1, 1998, and each December 1st
thereafter, the office of financial management shall submit a report to the
fiscal committees of the legislature on the implementation of this section.
The report shall (a) evaluate the impact of this section on agency reversions
and end-of-biennium expenditure patterns, and (b) itemize agency expenditures
from the savings recovery account.
Sec. 2. RCW 28A.305.235 and 1997 c 261 s 2 are each amended to read as follows:
education savings account is created in ((
the custody of)) the state (( treasurer))
treasury. The account shall consist of all moneys appropriated to the
account by the legislature. (( The account is subject to the allotment
procedures under chapter 43.88 RCW, but no appropriation is required for
expenditures from the account. Expenditures
from the)) Five percent of legislative appropriations to the
education savings account shall be deposited in the distinguished professorship
trust fund under RCW 28B.10.868 and five percent shall be deposited in the
graduate fellowship trust fund under RCW 28B.10.882. The remaining moneys in
the education savings account may be (( authorized solely by the state
board of education and)) appropriated solely for (1) common school
construction projects that are eligible for funding from the common school
construction account, and (2) technology improvements in the common schools.
NEW SECTION. Sec. 3. RCW 28A.305.235, as amended by this act, is recodified as a section in chapter 43.79 RCW.
NEW SECTION. Sec. 4. On the effective date of this act, the state treasurer shall transfer five percent of the unappropriated balance of the education savings account to the distinguished professorship trust fund under RCW 28B.10.868 and five percent of the unappropriated balance of the education savings account to the graduate fellowship trust fund under RCW 28B.10.882.
--- END ---