Directing an audit of county forest board lands.

HB 2327 directs the joint legislative audit committee to review Washington's trust structure for 21 counties that transferred timberlands to the state in 1935 under an agreement guaranteeing perpetual revenue from timber harvests. The audit will examine how the Department of Natural Resources manages these lands (now called "state forestlands"), including timber harvest volumes and revenue over 30 years, and compare the trust model to other similar arrangements. It requires the committee to analyze whether current management aligns with the 1935 trust terms and common law trust principles, then propose adjustments to protect county beneficiaries' revenue rights. The committee must submit findings by December 31, 2027, with the bill expiring June 30, 2028. This affects counties that transferred land under the 1935 agreement, seeking to address reduced timber harvests and revenue due to environmental restrictions.