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days from the date of notification to the fiscal committees of the 1 legislature. 2 (3)(a) Allocations and allotments of information technology 3 investment revolving account must be made for discrete stages of 4 projects as determined by the technology budget approved by the 5 office of the chief information officer and the office of financial 6 management. 7 (b) Fifteen percent of total funding allocated by the office of 8 financial management, or another amount as defined jointly by the 9 office of financial management and the office of the chief 10 information officer, will be retained in the account, but remain 11 allocated to that project. The retained funding will be released to 12 the agency only after successful completion of that stage of the 13 project and only after the office of the chief information officer 14 certifies the stage as required in subsection (2) of this section. 15 For the one Washington project, the amount retained is increased to 16 at least twenty percent of total funding allocated for any stage of 17 that project. 18 (4)(a) Each project must have a technology budget. The technology 19 budget must have the detail by fiscal month for the 2023-2025 fiscal 20 biennium. The technology budget must use a method similar to the 21 state capital budget, identifying project costs, each fund source, 22 and anticipated deliverables through each stage of the entire project 23 investment and across fiscal periods and biennia from project onset 24 through implementation and close out, as well as at least five years 25 of maintenance and operations costs. 26 (b) As part of the development of a technology budget and at each 27 request for funding, the agency shall submit an updated technology 28 budget, if changes occurred, to include detailed financial 29 information to the office of financial management and the office of 30 the chief information officer. The technology budget must describe 31 the total cost of the project, as well as maintenance and operations 32 costs, to include and identify at least: 33 (i) Fund sources: 34 (A) If the project is funded from the information technology 35 revolving account, the technology budget must include a worksheet 36 that provides the fund sources that were transferred into the account 37 by fiscal year; 38 (B) If the project is by a central service agency, and funds are 39 driven out by the central service model, the technology budget must 40 p. 614 ESSB 5187.SL