SSB 5386 — Reducing administrative complexity by increasing transparency of revenue flows for activities funded by document recording fees.
Signed into law — Chapter 277, Laws of 2023
- Sponsor
- Robinson
- Introduced
- February 10, 2023
- Status
- C 277 L 23
- Last action
- Effective date 7/23/2023. (May 4, 2023)
What this bill does
Consolidates the four housing-related document-recording surcharges into one new surcharge with simplified distributions and uniform exemptions. Eliminates the Transitional Housing Operating and Rent Account. Removes the requirement for the Office of Financial Management to secure an independent expenditure review of state surcharge funds received and deposited into the Home Security Fund Account on a biennial basis. Removes the requirement for the Department of Commerce to include the amount of expenditures for private rental housing payments in the report on state and local homelessness document-recording fee expenditures by county.
From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗
Floor votes
- House — Final Passage as Amended by the House · April 11, 202392 yea · 5 nay · 1 not voting
- Senate — Final Passage as Amended by the House · April 17, 202348 yea · 0 nay · 1 not voting
- Senate — 3rd Reading & Final Passage · March 3, 202348 yea · 0 nay · 1 not voting
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