This bill creates a new state law by adding a chapter to Title 19 RCW that requires private entities organized under 26 U.S.C. Sec. 501(c) that apply as grantees or subgrantees for any grant funded in whole or in part by state funds to complete an Office of Financial Management (OFM)–approved disclosure form as part of the application or upon renewal. Required disclosures include the names and total compensation of employees earning over $100,000, names of employees who currently or within the past five years held public office in Washington (as defined by RCW 29B.10.440), names and any compensation of board members, political contributions reportable under Title 29B RCW for the previous four election cycles, and an accounting of how the grant money will be spent. State and local agencies that award state-funded grants must provide the OFM form to applicants, ensure grantees and subgrantees comply, and immediately transmit all completed disclosure forms—including those from unsuccessful applicants—to OFM. OFM must maintain a publicly searchable database of all completed disclosure forms. Noncompliance by a private entity causes forfeiture of the award and requires the entity to reimburse the grantor the full amount awarded and received. The bill specifies definitions for "agency" (including state and local agencies) and refers to external statutes for "public office" and the scope of reportable political contributions. Important details are not included in the provided text: the bill cites 26 U.S.C. Sec. 501(c) without specifying which subsection(s) are intended, it does not define "employee" or address whether contractors are covered, and it does not set out enforcement procedures, timelines, verification processes, or collection mechanisms beyond the forfeiture and reimbursement requirement.

If enacted, private nonprofits (organizations under 26 U.S.C. §501(c)) that apply for any grant paid in whole or in part with state funds will have to fill out an OFM-approved disclosure form as part of their application or renewal. That form will require names and pay for employees earning over $100,000, any employees who held Washington public office in the past five years, board members and their compensation, political contributions from the last four election cycles, and an accounting of how the grant money will be spent. Grant-making state and local agencies must collect those forms from all applicants (including unsuccessful ones), ensure applicants comply, and immediately send completed forms to OFM; failure to comply by a private entity can cost it the award and require full repayment of funds already received. Practically, this will raise administrative work and public exposure for both applicants and awarding agencies: nonprofits will need to assemble detailed personnel, board, and political contribution data and face a real financial risk if disclosures are incomplete, while agencies and the Office of Financial Management must create, process, and publish the completed forms online, which will add workload and oversight responsibilities. Key implementation details are unclear from the text provided: it does not specify which 501(c) subsections are intended, how “employee” is defined (for example, contractors), or how accuracy will be verified and reimbursements enforced.