Revised Code of Washington
Chapter 43.330 - Department of Commerce.
43.330.250 - Economic development strategic reserve account—Authorized expenditures—Transfer of excess funds to the education construction account.

RCW 43.330.250
Economic development strategic reserve account—Authorized expenditures—Transfer of excess funds to the education construction account.

(1) The economic development strategic reserve account is created in the state treasury to be used only for the purposes of this section.
(2) Only the governor, with the recommendation of the director of the department of commerce, may authorize expenditures from the account.
(3) During the 2009-2011 and 2011-2013 fiscal biennia, moneys in the account may also be transferred into the state general fund.
(4) Expenditures from the account may be made to prevent closure of a business or facility, to prevent relocation of a business or facility in the state to a location outside the state, or to recruit a business or facility to the state. Expenditures may be authorized for:
(a) Workforce development;
(b) Public infrastructure needed to support or sustain the operations of the business or facility;
(c) Other lawfully provided assistance including, but not limited to, technical assistance, environmental analysis, relocation assistance, and planning assistance. Funding may be provided for such assistance only when it is in the public interest and may only be provided under a contractual arrangement ensuring that the state will receive appropriate consideration, such as an assurance of job creation or retention; and
(d) The joint center for aerospace technology innovation.
(5) The funds shall not be expended from the account unless:
(a) The circumstances are such that time does not permit the director of the department of commerce or the business or facility to secure funding from other state sources;
(b) The business or facility produces or will produce significant long-term economic benefits to the state, a region of the state, or a particular community in the state;
(c) The business or facility does not require continuing state support;
(d) The expenditure will result in new jobs, job retention, or higher incomes for citizens of the state;
(e) The expenditure will not supplant private investment; and
(f) The expenditure is accompanied by private investment.
(6) No more than three million dollars per year may be expended from the account for the purpose of assisting an individual business or facility pursuant to the authority specified in this section.
(7) If the account balance in the strategic reserve account exceeds fifteen million dollars at any time, the amount in excess of fifteen million dollars shall be transferred to the education construction account.
(8) During the 2017-2019 and 2019-2021 fiscal biennia, the legislature may appropriate moneys from the account to fund programs and grants at the department of commerce. It is the intent of the legislature that this policy will be continued in subsequent fiscal biennia.

[ 2019 c 415 § 974; 2017 3rd sp.s. c 1 § 975; 2015 3rd sp.s. c 4 § 962; 2014 c 112 § 114; 2013 2nd sp.s. c 24 § 1; 2011 1st sp.s. c 50 § 956. Prior: 2009 c 565 § 13; 2009 c 564 § 943; 2008 c 329 § 914; 2005 c 427 § 1.]
NOTES:

Effective date—2019 c 415: See note following RCW 28B.20.476.


Effective date—2017 3rd sp.s. c 1: See note following RCW 43.41.455.


Effective dates—2015 3rd sp.s. c 4: See note following RCW 28B.15.069.


Effective dates—2011 1st sp.s. c 50: See note following RCW 15.76.115.


Effective date—2009 c 564: See note following RCW 2.68.020.


Severability—Effective date—2008 c 329: See notes following RCW 28B.105.110.

Structure Revised Code of Washington

Revised Code of Washington

Title 43 - State Government—Executive

Chapter 43.330 - Department of Commerce.

43.330.005 - Findings.

43.330.007 - Management responsibility.

43.330.010 - Definitions.

43.330.020 - Department created.

43.330.030 - Director—Appointment—Salary.

43.330.040 - Director powers and duties.

43.330.050 - Community and economic development responsibilities.

43.330.060 - Trade and business responsibilities.

43.330.062 - Recruitment and retention of business—Protocols for associate development organizations and department staff.

43.330.065 - Identification of countries of strategic importance for international trade relations.

43.330.068 - International companies investing in Washington—Eligibility for excise tax incentives.

43.330.070 - Local development capacity—Training and technical assistance.

43.330.075 - Local government regulation and policy handouts—Technical assistance.

43.330.080 - Coordination of community and economic development services—Contracts with county-designated associate development organizations—Scope of services—Business services training.

43.330.082 - Contracting associate development organizations—Performance measures and summary of best practices—Remediation plans—Report.

43.330.084 - Washington state quality award—Reimbursement of application fee.

43.330.086 - Contracts with associate development organizations—Schedule of awards.

43.330.090 - Economic diversification strategies—Targeted industry sectors—Film and video production.

43.330.094 - Tourism development and promotion account—Promotion of tourism industry.

43.330.100 - Local infrastructure and public facilities—Grants and loans.

43.330.110 - Housing—Energy assistance.

43.330.120 - Growth management.

43.330.125 - Assistance to counties and cities.

43.330.130 - Services to poor and disadvantaged persons—Preschool children—Substance abuse—Family services—Fire protection and emergency management.

43.330.135 - Court-appointed special advocate programs—Funds—Eligibility.

43.330.145 - Entrepreneurial assistance—Recipients of temporary assistance for needy families—Cooperation with agencies for training and industrial recruitment.

43.330.150 - Fees—Conferences, workshops, training.

43.330.152 - Fees—Service and product delivery areas.

43.330.155 - Community and economic development fee account.

43.330.156 - Fees—Adoption by rule.

43.330.165 - Housing for farmworkers—Proposal review and funding recommendations—Farmworker housing advisory group.

43.330.167 - Washington youth and families fund.

43.330.170 - Statewide housing market analysis.

43.330.181 - Office of apple health and homes—Responsibilities.

43.330.184 - Apple health and homes account.

43.330.187 - Rapid permanent supportive housing acquisition and development program.

43.330.190 - Reimbursement of extraordinary criminal justice costs.

43.330.250 - Economic development strategic reserve account—Authorized expenditures—Transfer of excess funds to the education construction account.

43.330.260 - Inventory of economic development grant opportunities—Joint efforts for grant seeking and attracting major events.

43.330.270 - Innovation partnership zone program.

43.330.280 - Documentation of clusters of companies having a comparative competitive advantage—Process and criteria—Working group.

43.330.300 - Financial fraud and identity theft crimes investigation and prosecution program.

43.330.310 - Comprehensive green economy jobs growth initiative—Establishment.

43.330.320 - Obtaining energy efficiency services—Awarding grants to financial institutions—Credit enhancements.

43.330.330 - Funding energy efficiency improvements—Risk reduction mechanisms—Legislative intent.

43.330.340 - Appliance efficiency rebate program.

43.330.350 - Use of moneys by local municipalities to leverage financing for energy efficiency projects.

43.330.360 - Findings—Involvement of state bond authorities in financing energy efficiency projects.

43.330.365 - Electric vehicle incentive account.

43.330.370 - Evergreen jobs initiative.

43.330.375 - Evergreen jobs efforts—Coordination and support—Identification of technologies, barriers, and strategies—Outreach efforts—Performance reports.

43.330.400 - Broadband mapping account—Federal broadband data improvement act funding—Coordination of broadband mapping activities.

43.330.403 - Reporting availability of high-speed internet—Survey of high-speed internet infrastructure owned or leased by state agencies—Geographic information system map—Rules.

43.330.406 - Procurement of geographic information system map—Accountability and oversight structure—Application of public records act.

43.330.409 - Broadband mapping, deployment, and adoption—Reports.

43.330.412 - Community technology opportunity program—Administration—Grant program.

43.330.421 - Advisory group on digital inclusion and technology planning.

43.330.425 - Advisory committee on permanent supportive housing.

43.330.430 - Developmental disabilities endowment—Definitions.

43.330.431 - Developmental disabilities endowment—Trust fund.

43.330.432 - Developmental disabilities endowment—Authority of state investment board—Authority of governing board.

43.330.433 - Developmental disabilities endowment—Governing board—Liability of governing board and state investment board.

43.330.434 - Developmental disabilities endowment—Endowment principles.

43.330.435 - Developmental disabilities endowment—Development of operating plan—Elements.

43.330.436 - Developmental disabilities endowment—Program implementation and administration.

43.330.437 - Developmental disabilities endowment—Rules.

43.330.440 - Multijurisdictional regulatory streamlining projects—Establishment—Reports.

43.330.460 - Washington achieving a better life experience program—Definitions.

43.330.462 - Washington achieving a better life experience program account.

43.330.464 - Washington achieving a better life experience program—Investment of moneys—Responsibility of state investment board, governing board, and investment manager.

43.330.466 - Washington achieving a better life experience program—Established—Governing board—Administrative support—Colocation with developmental disabilities endowment governing board—Advisory committees—Interagency agreements—Limited liability.

43.330.468 - Washington achieving a better life experience program—Governing board authority.

43.330.480 - Low-income home rehabilitation revolving loan program—Definitions.

43.330.482 - Low-income home rehabilitation revolving loan program.

43.330.486 - Low-income home rehabilitation revolving loan program—Contracts with rehabilitation agencies—Reports.

43.330.488 - Low-income home rehabilitation revolving loan program—Account.

43.330.500 - Life sciences discovery fund.

43.330.502 - Life sciences discovery fund—Grants and contracts by department.

43.330.504 - Life sciences discovery fund—Department powers.

43.330.506 - Life sciences discovery fund—Limitation of liability.

43.330.510 - Keep Washington working statewide work group.

43.330.515 - Military installation incompatible development—Defense community compatibility account—Grants.

43.330.520 - Military installation incompatible development—Project list—Report.

43.330.530 - Broadband office—Definitions.

43.330.532 - Broadband office—Established—Purpose.

43.330.534 - Broadband office—Powers and duties.

43.330.536 - Broadband office—Goals.

43.330.538 - Broadband office—Reports.

43.330.539 - Broadband office—Digital equity plan.

43.330.5393 - Digital equity planning grant program.

43.330.5395 - Digital equity forum.

43.330.540 - Cannabis social equity technical assistance grant program.

43.330.542 - Environmental justice obligations of the department of commerce.

43.330.545 - Community engagement grants—Law enforcement.

43.330.550 - Employer-supported child care—Technical assistance.

43.330.560 - Office of renewable fuels—Definitions.

43.330.565 - Office of renewable fuels—Established.

43.330.570 - Office of renewable fuels—Duties.

43.330.575 - Renewable fuels accelerator account.

43.330.700 - Findings—Homeless youth.

43.330.702 - Homeless youth—Definitions.

43.330.705 - Homeless youth—Office of homeless youth prevention and protection programs.

43.330.706 - Homeless youth—Data and outcomes measures—Report.

43.330.710 - Homeless youth—Office of homeless youth prevention and protection programs—Report to the director—Grants—Program management and oversight.

43.330.715 - Homeless youth—Training program.

43.330.717 - Homeless youth—Review of state-funded programs.

43.330.720 - Unaccompanied youth—Publicly funded system of care—Department of children, youth, and families and the office of homeless youth prevention and protection programs to develop plan.

43.330.723 - Youth and young adults exiting publicly funded system of care—Flexible funding.

43.330.724 - Youth and young adults exiting publicly funded system of care—Housing stability for youth in crisis pilot programs.

43.330.725 - Youth and young adults exiting publicly funded system of care—System of care grants.

43.330.730 - Finding—2015 c 296.

43.330.732 - Definitions.

43.330.735 - Washington small business retirement marketplace.

43.330.737 - Private sector contractor's duties—Director's duties—Rollovers—Rules—Participation of private sector financial services firms.

43.330.740 - Payment of marketplace expenses—Use of private and federal funding.

43.330.742 - Federal employment retirement income act liability—Prohibition on state-based retirement plan for nonstate employees.

43.330.745 - Incentive payments.

43.330.747 - Effectiveness and efficiency of the Washington small business retirement marketplace—Biennial report.

43.330.750 - Rules—Rule development process.

43.330.760 - Intent—2021 c 64.

43.330.762 - Manufacturing—Goals and strategies—Reports—Manufacturing council.

43.330.765 - Manufacturing—Regional strategies—Grants.

43.330.767 - Manufacturing cluster acceleration account.

43.330.770 - Manufacturing—Workforce innovation sector lead—Reports.

43.330.772 - Subject to appropriation.

43.330.900 - References to director and department.

43.330.901 - Captions.

43.330.902 - Effective date—1993 c 280.

43.330.9021 - Effective date—1994 c 5.

43.330.904 - Transfer of certain state energy office powers, duties, and functions—References to director—Appointment of assistant director.

43.330.905 - Transfer of powers, duties, and functions pertaining to county public health assistance.

43.330.907 - Transfer of powers, duties, and functions pertaining to administrative and support services for the building code council.

43.330.908 - Transfer of powers, duties, and functions pertaining to the drug prosecution assistance program.

43.330.909 - Transfer of powers, duties, and functions pertaining to the energy facility site evaluation council.

43.330.910 - Transfer of certain powers, duties, and functions of the department of information services—High-speed internet activities.

43.330.911 - Short title—2015 c 69.

43.330.912 - Conflict with federal requirements—2015 c 296.