Distributions of moneys—Annual report.

RCW 70A.65.300, under Greenhouse gas emissions—Cap and invest program..

RCW 70A.65.300

(1) The department shall prepare, post on the department website, and submit to the appropriate committees of the legislature an annual report that identifies all distributions of moneys from the accounts created in RCW 70A.65.240 through 70A.65.280.

(2) The report must identify, at a minimum, the recipient of the funding, the amount of the funding, the purpose of the funding, the actual end result or use of the funding, whether the project that received the funding produced any verifiable reduction in greenhouse gas emissions or other long-term impact to emissions, and if so, the quantity of reduced greenhouse gas emissions, the cost per carbon dioxide equivalent metric ton of reduced greenhouse gas emissions, and a comparison to other greenhouse gas emissions reduction projects in order to facilitate the development of cost-benefit ratios for greenhouse gas emissions reduction projects.

(3) The department shall require by rule that recipients of funds from the accounts created in RCW 70A.65.240 through 70A.65.280 report to the department, in a form and manner prescribed by the department, the information required for the department to carry out the department's duties established in this section.

(4) The department shall update its website with the information described in subsection (2) of this section as appropriate but no less frequently than once per calendar year.

(5) The department shall submit its report to the appropriate committees of the legislature with the information described in subsection (2) of this section no later than September 30 of each year. For fiscal year 2025, the report must be submitted no later than November 30, 2024. During the 2025-2027 fiscal biennium, the report must be submitted no later than November 30 of each fiscal year.

[ 2025 c 424 s 975; 2024 c 376 s 912; 2021 c 316 s 46.]

Notes:

Effective date—2025 c 424: See note following RCW 9.46.100.

Effective date—2024 c 376: See note following RCW 43.101.200.

(1) The department shall prepare, post on the department website, and submit to the appropriate committees of the legislature a report that identifies all distributions of moneys from the accounts created in RCW 70A.65.240, 70A.65.280, 70A.65.410, and 70A.65.420.

(2) The report must identify, at a minimum:

(a) The recipient of the funding, the amount of the funding, the purpose of the funding, the actual end result or use of the funding, whether the project that received the funding produced any verifiable reduction in greenhouse gas emissions or other long-term impact to emissions, and if so, the quantity of reduced greenhouse gas emissions, the cost per carbon dioxide equivalent metric ton of reduced greenhouse gas emissions, and a comparison to other greenhouse gas emissions reduction projects in order to facilitate the development of cost-benefit ratios for greenhouse gas emissions reduction projects; and

(b) The expenditures that provide direct and meaningful benefits to vulnerable populations within the boundaries of overburdened communities as described in RCW 70A.65.030 and 70A.65.230, and the expenditures that are supported by an Indian tribe as described in RCW 70A.65.230, including:

(i) The amount of each expenditure that provides direct and meaningful benefits to vulnerable populations within the boundaries of overburdened communities;

(ii) An explanation of how the expenditure provides such benefits;

(iii) The methods by which overburdened communities and vulnerable populations were identified by the agency and an explanation of the outcomes of those identification processes, including the geographic location impacted by the expenditure where relevant, and the geographic boundaries of overburdened communities identified by the agency; and

(iv) The amount of each expenditure used for programs, activities, or projects supported by an Indian tribe.

(3) The department shall require by rule that recipients of funds from the accounts created in RCW 70A.65.240 through 70A.65.280, 70A.65.410, and 70A.65.420 report to the department, in a form and manner prescribed by the department, the information required for the department to carry out the department's duties established in this section.

(4) After the conclusion of each fiscal year through fiscal year 2027, the department shall submit the report under this section to the appropriate committees of the legislature and update its website no later than December 31st of each year. Beginning with the 2027-2029 biennium, after the conclusion of each biennium the department shall submit the report on a biennial basis by December 31st of each odd-numbered year.

[ 2026 c 219 s 6; 2025 c 424 s 975; 2024 c 376 s 912; 2021 c 316 s 46.]

Notes:

Effective date—2026 c 219: See note following RCW 70A.65.410.

Effective date—2025 c 424: See note following RCW 9.46.100.

Effective date—2024 c 376: See note following RCW 43.101.200.