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SB 5505

Relating to state financial administration; and declaring an emergency.

2025 Regular Session

Enacts SB 5505 as Chapter 630 to reform state financial administration with an emergency clause, effective Aug 7, 2025.

Effective date, August 7, 2025.
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Bill Summary · SB 5505

Bill Summary — SB 5505 (2025)

Relating to state financial administration; and declaring an emergency.

Status: Enacted (Chapter 630, 2025 Laws). Governor signed June 8, 2025; effective date: August 7, 2025.
Introduced: January 13, 2025.

Purpose and intent

SB 5505 is titled broadly to amend and update laws governing state financial administration. The bill also contains an emergency clause, making at least some of its provisions effective immediately upon the date specified in the enactment (August 7, 2025), rather than on the usual later statutory effective date. The general intent (inferred from title and legislative posture) is to modify administrative, procedural, or fiscal controls that govern how the state plans, budgets for, manages, and reports on public funds.

Note: the full text of the bill was not provided. The summary below describes what can be determined from the available metadata and typical content of “state financial administration” bills, and identifies what to review in the enacted chapter for specifics.

Key procedural timeline (legislative actions)

  • Jan 13, 2025: Introduced and first reading.
  • Jan 17–Jan 19, 2025: Referred to Ways & Means and to the Subcommittee on Capital Construction.
  • Apr 18, 2025: Public hearing held.
  • Jun 24, 2025: Work sessions before committee; bill returned to full committee.
  • Jun 28, 2025: Multiple floor actions; amendments distributed (Printed A-Eng.), rules suspended, passed both chambers.
  • Jun 30, 2025: Speaker and President signed enrollment.
  • Aug 8, 2025: Governor signed (record shows Governor signed on Aug 8 but effective date set as Aug 7).
  • Aug 13, 2025: Filed as Chapter 630, 2025 Laws; effective date confirmed as August 7, 2025.

Likely substantive areas and typical provisions (what to expect)

Because the bill text is not included here, readers should review Chapter 630 (2025) for precise language. Common elements in bills titled “state financial administration” include amendments to one or more of the following:
- Budgetary authorities and appropriations process adjustments (timing, allotments, reappropriations).
- State Treasurer, Office of Financial Management (OFM), or other agencies’ responsibilities for cash management and investment.
- Procedures for interfund transfers, accounting, and reporting.
- Capital construction financing, debt issuance, or bond-related provisions.
- Controls over biennial or supplemental budgets, contingency funds, or reserve (rainy day) policies.
- Administrative changes to fiscal oversight, audits, or compliance requirements.
- Emergency clause specifying immediate effect for particular sections.

Who is affected

  • State agencies and departments subject to revised financial administration rules.
  • The Office of Financial Management and State Treasurer (likely operational/oversight changes).
  • Legislature (changes to appropriation or reporting processes).
  • Local governments, vendors, contractors, and recipients of state funds if grant or cash-management rules are adjusted.
  • Potential fiscal impact on the state budget and on timing of funding flows.

Impact and what to review next

  • This bill is enacted as Chapter 630, 2025 Laws and is effective August 7, 2025. For concrete impacts (dollar amounts, statutory text, affected RCWs), consult:
    • The enrolled bill text for SB 5505 (A-Eng. version, if applicable).
    • Chapter 630, 2025 Session Laws.
    • Committee reports and fiscal notes prepared by Ways & Means or OFM for estimated budgetary effects.
  • If you need a targeted summary (specific RCW changes, dollar figures, or section-by-section analysis), provide the bill text or indicate you want me to retrieve the enacted language and fiscal note; I can then produce a detailed, provision-by-provision summary.

If you’d like, I can:
- Pull and summarize the enacted Chapter 630 (SB 5505) language, or
- Provide a section-by-section analysis if you paste the bill text.

Compiled from official sources — confirm details with the bill’s official record.

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