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applicable. The director shall determine whether the state treasurer 1 or the state investment board or both shall invest moneys in the 2 school employees' insurance account. 3 (5) During fiscal year 2023 and the 2023-2025 fiscal biennium, 4 moneys may be transferred between the public employees' and retirees' 5 insurance account and the school employees' insurance account for 6 short-term cash management and cash balance purposes. 7 Sec. 927. RCW 41.26.450 and 2021 c 334 s 965 are each amended to 8 read as follows: 9 (1) Port districts established under Title 53 RCW and 10 institutions of higher education as defined in RCW 28B.10.016 shall 11 contribute both the employer and state shares of the cost of the 12 retirement system for any of their employees who are law enforcement 13 officers. 14 (2) Institutions of higher education shall contribute both the 15 employer and the state shares of the cost of the retirement system 16 for any of their employees who are firefighters. 17 (3) During fiscal years 2018 and 2019 and during the 2019-2021 18 ((and)), 2021-2023, and 2023-2025 fiscal biennia: 19 When an employer charges a fee or recovers costs for work 20 performed by a plan member where: 21 (a) The member receives compensation that is includable as basic 22 salary under RCW 41.26.030(4)(b); and 23 (b) The service is provided, whether directly or indirectly, to 24 an entity that is not an "employer" under RCW 41.26.030(14)(b); 25 the employer shall contribute both the employer and state shares of 26 the cost of the retirement system contributions for that 27 compensation. Nothing in this subsection prevents an employer from 28 recovering the cost of the contribution from the entity receiving 29 services from the member. 30 Sec. 928. RCW 43.09.475 and 2022 c 157 s 14 are each amended to 31 read as follows: 32 The performance audits of government account is hereby created in 33 the custody of the state treasurer. Revenue identified in RCW 34 82.08.020(5) and 82.12.0201 shall be deposited in the account. Money 35 in the account shall be used to fund the performance audits and 36 follow-up performance audits under RCW 43.09.470 and shall be 37 expended by the state auditor in accordance with chapter 1, Laws of 38 p. 673 ESSB 5187.SL