Maintaining the financial solvency of school districts.

 H-2720.1

HOUSE BILL 2551

State of Washington

69th Legislature

2026 Regular Session

By Representatives Fey and Leavitt

Read first time 01/16/26. Referred to Committee on Education.

AN ACT Relating to maintaining the financial solvency of school districts through limited real property sales approved by the superintendent of public instruction; amending RCW 28A.335.120 and 28A.335.130 ; and adding a new section to chapter 28A.335 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. A new section is added to chapter 28A.335 RCW to read as follows:

(1) The board of directors of a school district with an estimated ending fund balance for the fiscal year equaling three percent or less of its estimated total revenues for the same fiscal year may request from the superintendent of public instruction authorization to sell real property of the district. The superintendent of public instruction, subject to the following conditions, may only grant the authorization if the school district demonstrates to the satisfaction of the superintendent of public instruction that: