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to exceed five percent of the total receipt of funds from allowance 1 auction proceeds under this chapter. Beginning July 1, ((2024)) 2023, 2 and annually thereafter, the state treasurer shall distribute funds 3 in the account that exceed the amounts appropriated for the purposes 4 of this subsection (2) as follows: 5 (a) Seventy-five percent of the moneys to the climate commitment 6 account created in RCW 70A.65.260; and 7 (b) Twenty-five percent of the moneys to the natural climate 8 solutions account created in RCW 70A.65.270. 9 (3) The allocations specified in subsection (2)(a) and (b) of 10 this section must be reviewed by the legislature on a biennial basis 11 based on the changing needs of the state in meeting its clean economy 12 and greenhouse gas reduction goals in a timely, economically 13 advantageous, and equitable manner. 14 (4) During the 2023-2025 fiscal biennium, the legislature may 15 direct the state treasurer to make transfers of moneys in the climate 16 investment account to the carbon emissions reduction account, the 17 climate commitment account, and the natural climate solutions 18 account. 19 Sec. 939. RCW 70A.65.260 and 2022 c 179 s 17 are each amended to 20 read as follows: 21 (1) The climate commitment account is created in the state 22 treasury. The account must receive moneys distributed to the account 23 from the climate investment account created in RCW 70A.65.250. Moneys 24 in the account may be spent only after appropriation. Projects, 25 activities, and programs eligible for funding from the account must 26 be physically located in Washington state and include, but are not 27 limited to, the following: 28 (a) Implementing the working families' tax ((rebate)) credit in 29 RCW 82.08.0206; 30 (b) Supplementing the growth management planning and 31 environmental review fund established in RCW 36.70A.490 for the 32 purpose of making grants or loans to local governments for the 33 purposes set forth in RCW 43.21C.240, 43.21C.031, 36.70A.500, and 34 36.70A.600, for costs associated with RCW 36.70A.610, and to cover 35 costs associated with the adoption of optional elements of 36 comprehensive plans consistent with RCW 43.21C.420; 37 (c) Programs, activities, or projects that reduce and mitigate 38 impacts from greenhouse gases and copollutants in overburdened 39 p. 690 ESSB 5187.SL