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BEET for Maintenance Use of REET 1 forma inten a nce: Any county, regardless of its population or whether it fully plans under GMA, may use up to $100,000 or 25% of its available REET 1 funds —whichever is greater, but not to exceed $1 million per year —forth e maintenance of capital projects (RCW 82.46.015). The definition of capital projects is the same as in RCW 82.46.010(6)(b). The definition of maintenance is provided in RCW 82.46.015(6): For purposes of this section, "maintenance" means the use of funds for labor and materials that will preserve, prevent the decline of, or extend the useful life of a capital project. "Maintenance" does not include labor or material costs for routine operations of a capital project. To use REET 1 funds for maintenance, the county must fulfill additional reporting requirements defined within RCW 82.46.015, including preparing and adopting a written report that includes: • Information necessary to demonstrate that the county has, or will have, adequate funding from all sources to pay for all capital projects identified in its capital facilities plan. • How revenues collected under REET 1 have been used during the prior two-year period. • How revenues collected under REET 1 will be used for the succeeding two-year period. • What percentage of funds for capital projects is attributed to REET 1 revenues compared to all other sources of capital project funding. 10/29/2024 2025 Budget Hearing: Projects and Equipment Update