wa-law.org > bill > 2025-26 > HB 1794 > Original Bill
The purpose of this act is to eliminate the office of financial management and partially recover the $30 million that the office of financial management misallocated during the 2023-2025 budget cycle. It is anticipated in making these changes, general fund—state expenditures will be reduced by $27.8 million, with the remaining funds currently authorized for use by the office of financial management being rededicated to the functions that are not eliminated, but passed on to the department of revenue, the state auditor's office, and the state treasurer's office.
All powers, duties, and functions of the office of financial management are transferred to the department of revenue, the state auditor's office, and the state treasurer's office as appropriate. These departments and offices shall assume all responsibilities for budget preparation, fiscal analysis, and financial management. All references to the director of the office of financial management or the office of financial management in law shall be construed to mean the director of the department of revenue, state auditor, or state treasurer, or the department of revenue, the state auditor's office, or the state treasurer's office, as appropriate.
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All reports, documents, surveys, books, records, files, papers, or written material in the possession of the office of financial management pertaining to the powers, functions, and duties transferred shall be delivered to the custody of the department of revenue, the state auditor's office, and the state treasurer's office as appropriate. All cabinets, furniture, office equipment, motor vehicles, and other tangible property employed by the office of financial management in carrying out the powers, functions, and duties transferred shall be made available to the department of revenue, the state auditor's office, and the state treasurer's office as appropriate. All funds, credits, or other assets held by the office of financial management shall be assigned to the department of revenue, the state auditor's office, and the state treasurer's office as appropriate.
Any appropriations made to the office of financial management shall, on the effective date of this section, be transferred and credited to the department of revenue, the state auditor's office, and the state treasurer's office as appropriate.
All rules and all pending business before the office of financial management shall be continued and acted upon by the department of revenue, the state auditor's office, and the state treasurer's office as appropriate. All existing contracts and obligations shall remain in full force and shall be performed by the department of revenue, the state auditor's office, and the state treasurer's office as appropriate.
The transfer of the powers, duties, functions, and personnel of the office of financial management shall not affect the validity of any act performed before the effective date of this section.
This act takes effect July 1, 2026.