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Committee hears substitute bill to reorganize Climate Commitment Act accounts and alter auction-revenue splits
Summary
Committee staff and supporters said substitute House Bill 2251 would consolidate several Climate Commitment Act accounts into clearer operating and capital accounts and set formulaic percentage splits for auction proceeds; tribal leaders and advocates urged clearer tribal set-asides and protections for equity and habitat.
Committee staff told the House Transportation Committee that substitute House Bill 2251 would create two new Climate Commitment Act (CCA) accounts — a capital account and an operating account — and repeal three existing accounts, producing "fewer accounts, in a slight different arrangement." Amy Skay, committee staff, described a new revenue distribution: $25 million off the top for Ecology administration, then percentage allocations (68% to the Carbon Emissions Reduction Account, 15% to the CCA capital account, 15% to the CCA operating account up to an $80 million cap, and 2% to the Air Quality and Health Disparities Improvement account up to $10 million), with several caps and a $359 million ceiling for the CIRA allocation.
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