This bill creates a new education legacy trust account in the state treasury and restricts spending from that account to support common schools, expand access to higher education (including funding for new enrollments and financial aid), early learning and child care programs, and other educational improvement efforts, with funds available only after appropriation. It also includes a new legislative finding that the legislature intends to establish a permanent funding source for the developmental disabilities community services account to support services and supports for people with intellectual and developmental disabilities in community settings. The bill amends and reenacts RCW 83.100.230 and adds a procedural funding transfer: beginning in fiscal year 2026, when "receipts under this chapter" exceed $600,000,000 in any fiscal year, 50 percent of the excess must be transferred to the developmental disabilities community services account (RCW 71A.20.170). The state treasurer is required to make that transfer within 60 days of being notified by "the department" that receipts exceeded $600,000,000. Money in the education legacy trust account may be spent only following appropriation. The text provided does not identify which chapter is meant by "receipts under this chapter," does not name the department that must notify the state treasurer, and does not include the text of RCW 71A.20.170, so those details are unclear from the extracted material.

If enacted, the bill creates a dedicated education legacy trust that can only be spent when the Legislature appropriates money, and it redirects a significant share of any large revenue surplus starting in fiscal year 2026 to support services for people with intellectual and developmental disabilities. Practically, when the specified receipts for a year exceed $600 million, half of the excess would be moved to the developmental disabilities community services account, likely giving that account a new, ongoing funding source while leaving less surplus money potentially available for common schools, new higher education enrollments and financial aid, and early learning and child care in those high‑receipt years. The state treasurer would be required to make the transfer within 60 days after being told receipts exceeded the threshold, but the facts provided do not identify which department must notify the treasurer or exactly what counts as “receipts under this chapter,” and the law creating the developmental disabilities account itself was not included. Those gaps make the timing, administrative duties, and the precise revenue trigger unclear, and they leave uncertainty about how predictable the new funding will be for either education programs or disability services.