Washington HB2047 repeals the Employee Ownership Program and transfers remaining funds to the state general fund.
Washington HB2047 eliminates the Employee Ownership Program by repealing relevant sections of the Revised Code of Washington. It also mandates that any remaining funds in the Employee Ownership Revolving Loan Program Account be transferred to the state general fund. The act is deemed necessary for public peace, health, or safety and takes effect June 30, 2025.
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