The bill amends RCW 28A.320.330 to require school districts, specifically those classified as second class, to establish a depreciation subfund. This subfund is intended to reserve funds for future facility and equipment needs, allowing up to two percent of a second class school district's general fund to be deposited each fiscal year. The funds from this subfund can be used for preventative maintenance or emergency facility needs, which must be necessary to maintain the originally anticipated useful life of a building or facility. The bill outlines specific maintenance activities that can be funded, including exterior painting, roofing, and renovation of playfields, among others.

Additionally, the bill stipulates that school districts may utilize their employees for preventative maintenance tasks funded by the depreciation subfund, but prohibits the use of these funds for unrelated employee compensation. This legislative change aims to enhance the financial management of school districts by ensuring they have dedicated resources for maintaining and improving their facilities, thereby supporting the overall educational environment.

Statutes affected:
Original Bill: 28A.320.330
Bill as Passed Legislature: 28A.320.330
Session Law: 28A.320.330