In addition to the state general fund, which may be expended for any lawful purpose, the state maintains several hundred accounts dedicated to particular statutory purposes.? These accounts generally fall into one of the three following categories:

• accounts located in the state treasury, which require appropriation by the?Legislature;
• accounts held in the custody of the state treasurer, which may or may not require legislative appropriation; and
• accounts located in state agencies and institutions of higher education, known as local accounts, which may require approval by the Office of Financial Management.

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Accounts are generally created in policy bills for the purpose of dedicating moneys in the account for the policy purposes of the bill.? Accounts are also created in omnibus appropriation bills to dedicate funding for specific purposes and appropriations.

Expenditures from dedicated accounts are limited to the purposes defined in law, and therefore, legislative action is required to temporarily or permanently expand or further restrict the purposes of a dedicated account.? Expenditures from accounts which do not require legislative appropriation must be authorized by an official designated in the statute creating the account.

Expenditure authority for the Down Payment Assistance Account is transferred from the Housing Finance Commission to the director of the Department of Commerce.? Language establishing the Clean Fuels Transportation Investment Account is clarified to reflect that receipts from clean fuels credits generated from investments funded in the transportation budget are deposited in the account.

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The following accounts are abolished:

• the State and Local Improvements Revolving Account;
• the State and Local Improvements Revolving Account for Waste Disposal Facilities;
• the Heritage Barn Preservation Fund;
• the Basic Health Plan Stabilization Account;
• the Brownfield Redevelopment Trust Fund Account;
• the Dairy Nutrient Infrastructure Account;
• the Shared Information Technology System Revolving Account; and
• the State Efficiency and Restructuring Account.

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Any residual funds on June 30, 2024, in an account abolished under the act are transferred to the state general fund.? Any residual funds in the Washington Sexual Assault Kit Account as of June 30, 2022, the date the account expired, must be transferred to the Fingerprint Identification Account by June 1, 2024.

The following five new accounts are created:

• the Fern Lodge Maintenance Account to provide dedicated funding for the ongoing maintenance and operational costs of the Fern Lodge Civil Commitment Facility;
• the Clean Fuels Credit Account to provide dedicated funding for measures to reduce state agency transportation-related emissions such as electric vehicle infrastructure and purchases of electric vehicles, vessels, and boats;
• the Inflation Reduction Elective Pay Account for receipts from elective pay provided under the federal Inflation Reduction Act;
• the Family Medicine?Workforce Development Account to provide dedicated funding for primary care graduate medical education; and
• the Stadium World Cup Capital Account providing loans, which must be repaid with interest, no later than September 30, 2026,?for capital improvements to the Washington State Public Stadium Authority for capital improvements necessary to host the 2026 FIFA World Cup. ?