Concerning third-party audits of private entities receiving public moneys.

HB 2058 requires private organizations receiving public grants in Washington State to hire state-approved third-party auditors to verify how public funds are spent. Audits must detail all state/federal grant money received, itemize spending, confirm proper allocation, assess program effectiveness, and verify community support (e.g., local government resolution). The bill limits administrative costs to under 15% of grant funds and mandates annual reapplication for continued funding. Audits must be submitted to the state auditor within six months and published online.