The bill amends RCW 28A.530.080 to expand the authority of school districts in Washington State to contract indebtedness for school construction and related purposes. It allows school districts to issue bonds, notes, or other forms of indebtedness without a vote from the qualified electors, provided they adhere to existing limitations on indebtedness. Notably, the bill introduces new conditions for contracting indebtedness for specific purposes, including the requirement that a school district must not have been under binding conditions for the past three years and must have a voter-approved capital levy.

Additionally, the bill establishes a public notice and hearing requirement for school districts intending to issue nonvoted bonds exceeding $250,000. This process includes publishing a notice detailing the hearing's date, time, purpose, and amount of bonds, as well as the repayment means. The public will have the opportunity to comment before the school board decides whether to proceed with the bond issuance. However, these requirements do not apply to the refinancing or refunding of existing bonds.

Statutes affected:
Original Bill: 28A.530.080
Substitute Bill: 28A.530.080