Washington HB2612 protects revenues for the workforce education investment account, ensuring they supplement, not replace, other funding sources.

Washington HB2612 amends existing laws to create and protect the workforce education investment account in the state treasury. All revenues from the workforce investment surcharge and specified revenues must be deposited into this account. Funds can only be spent after appropriation and are intended for higher education programs, operations, compensation, student aid, and workforce development. The bill emphasizes that these funds must supplement, not replace, other federal, state, and local funding for higher education.

Washington HB2612 protects revenues for the workforce education investment account, ensuring they supplement, not replace, other funding sources.

Washington HB2612 amends existing laws to create and protect the workforce education investment account in the state treasury. All revenues from the workforce investment surcharge and specified revenues must be deposited into this account. Funds can only be spent after appropriation and are intended for higher education programs, operations, compensation, student aid, and workforce development. The bill emphasizes that these funds must supplement, not replace, other federal, state, and local funding for higher education.