HB 2634 - DIGEST

     Declares an intent to ensure full funding for the state's obligation under Initiative Measure No. 732, as codified under RCW 28A.400.205, 28A.400.206, 28B.50.465, and 28B.50.468.

     Declares an intent to require prefunding of the costs of the initiative.  By requiring the initiative to be funded through an advance deposit in the emergency reserve fund, the legislature will assure both that moneys to fund the initiative will be available in advance of the need for them, and that the funds will be protected against expenditure for any other purpose.