The bill amends existing laws regarding school districts' authority to contract indebtedness for school construction. It allows school districts to issue bonds, notes, or other forms of indebtedness without a vote from qualified electors for purposes specified in RCW 28A.530.010, including purchasing real or personal property related to their authorized powers. New provisions require that for projects funded under RCW 28A.530.010(3), districts must have received voter approval for a construction levy, not have been under binding conditions in the previous two years, and forgo state funding assistance for the project.

Additionally, the bill establishes that no state funding assistance will be provided for projects funded by nonvoted bonds authorized under RCW 28A.530.080. It also clarifies the requirements for public notice and hearings before issuing nonvoted bonds exceeding $250,000, ensuring transparency and community involvement in the decision-making process. The amendments aim to streamline the process for school districts to finance construction projects while maintaining accountability to the public.

Statutes affected:
Original Bill: 28A.530.080
Substitute Bill: 28A.530.080
Second Substitute: 28A.530.080, 28A.525.162