The bill establishes new provisions regarding the repurchase of real estate taken through eminent domain by school districts in Washington. It mandates that if a school district acquires property under threat of condemnation or through a condemnation action, the previous owners or their heirs must be given the opportunity to repurchase the property if it is not used for the intended public purpose. Specifically, the school district must send a written offer to the previous owners, allowing them 60 days to accept the offer at the original purchase price. This obligation is contingent upon certain conditions, such as the cancellation of the intended public use or a lack of progress toward that use within ten years.

Additionally, the bill outlines the circumstances under which the right to repurchase is terminated, including if the property is put to use as a school facility. It also specifies that the rights to notice and repurchase expire 15 years after the acquisition date, although property owners can waive these rights. The act is officially titled the "Houston eminent domain fairness act" and aims to enhance fairness for property owners affected by eminent domain actions.