Bill > HB1796

This bill modifies the existing law regarding school districts' authority to contract indebtedness for school construction and facility improvements. The bill expands and clarifies the conditions under which school districts can issue bonds without a direct voter approval. Specifically, for bonds related to construction, modernization, or remodeling of school facilities, a school district must first have received voter approval for a levy to support such projects and must not have been under binding financial conditions in the three years prior to issuing the bonds. The bill updates the threshold for nonvoted bonds from an unspecified amount to a clear $250,000, and maintains existing requirements for public notice and hearing when issuing such bonds. Schools must publish notice of their intent to issue bonds at least twice in consecutive weeks in a local newspaper, including details about the bonds' purpose, amount, terms, and repayment method. The bill also clarifies that the public notice requirements do not apply to refinancing or refunding existing bonds, and that bond proceeds can be deposited in capital projects, transportation vehicle, or general funds as appropriate.

Budget and Finance, Education

https://app.leg.wa.gov/billsummary?BillNumber=1796&Year=2025&Initiative=false