The proposed bill establishes new provisions regarding the repurchase of real estate taken through eminent domain by school districts in Washington State. It introduces a new section to chapter 8.16 RCW, which outlines the circumstances under which previous property owners, or their heirs, assigns, or successors, can repurchase their property if it is not utilized for the intended public use. Specifically, if the public use is canceled, no progress is made within ten years, or the property becomes unnecessary for the intended use, the school district must offer the property back to the previous owners at the original purchase price. The previous owners have 60 days to accept this offer, and the school district must make a good faith effort to notify all entitled parties.

Additionally, the bill stipulates that the school district's obligation to offer the property back terminates if the property is used as a school site, and it also sets a 15-year limit on the rights of previous owners to repurchase the property after acquisition. The act is officially titled the "Houston eminent domain fairness act."