Bill > HB1944

This bill modifies state law regarding how water-sewer districts can sell surplus property by updating the monetary thresholds and procedures for property sales. Specifically, the bill changes the threshold for personal property sales that do not require a notice of intention from $2,500 to $5,400, and increases the threshold for real property private sales from $5,000 to $7,500. The bill maintains existing requirements that real property sales must generally be for at least 90% of its appraised value, with a provision allowing districts to sell at public auction for the highest obtainable price if no buyers are found at 90% of value after 120 days of marketing. For real property sales over $5,000, the bill requires value to be established by either three disinterested real estate brokers or a professionally designated real estate appraiser through a written broker price opinion or appraisal, which must be filed and available for public inspection. These changes provide water-sewer districts with more flexibility in disposing of surplus property while maintaining transparency and ensuring districts receive fair market value for their assets.

Government Affairs

https://app.leg.wa.gov/billsummary?BillNumber=1944&Year=2025&Initiative=false