The Washington horse racing commission class C purse fund account is created in the custody of the state treasurer. All receipts from RCW
67.16.105(3) must be deposited into the account. Expenditures from the account may be used only for the purposes provided in RCW
67.16.105(3). Only the secretary of the commission or the secretary's designee may authorize expenditures from the account. The account is subject to allotment procedures under chapter
43.88 RCW, but an appropriation is not required for expenditures. During the 2025-2027 fiscal biennium, the legislature may direct the state treasurer to make transfers of moneys in the horse racing commission class C purse fund account to the Washington horse racing commission operating account such amounts as reflect the excess fund balance of the account.