Providing temporary interfund loans for school districts.

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Substitute Bill — · 3.7K words Open full page ↗

S-1370.2

SUBSTITUTE SENATE BILL 5412

State of Washington

69th Legislature

2025 Regular Session

By Senate Early Learning & K-12 Education (originally sponsored by Senators Robinson, Chapman, Nobles, and Saldaña)

READ FIRST TIME 02/13/25.

AN ACT Relating to temporary interfund loans for school districts in binding conditions or under enhanced financial oversight; amending RCW 28A.505.130 , 28A.315.221 , 28A.335.130 , and 28A.335.120 ; reenacting and amending RCW 28A.320.330 ; and adding a new section to chapter 28A.320 RCW.

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

NEW SECTION. Sec. 1. A new section is added to chapter 28A.320 RCW under the subchapter heading "deposit, investment, and use of proceeds" to read as follows:

(1) A school district that is in binding conditions pursuant to RCW 28A.505.110 or under enhanced financial oversight pursuant to RCW 28A.315.221 may take a temporary interfund loan from its capital projects fund, subject to the following conditions:

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