The bill introduces new provisions to chapter 8.16 RCW, aimed at providing owners of real estate taken through eminent domain by school districts, or sold under the threat of eminent domain, the opportunity to repurchase their property if it is not utilized for the intended public use. Specifically, it requires school districts to notify previous property owners in writing about the intended use of the property at the time of acquisition. Before any sale or alternative use of the acquired real estate, the school district must offer the property back to the previous owners or their successors at the original purchase price, allowing them 60 days to accept the offer. The bill outlines specific conditions under which the right to repurchase is granted, including cancellation of the intended public use or lack of progress toward that use within a specified timeframe.

Additionally, the bill stipulates that the school district's obligation to offer the property back terminates if the real estate is used for school facilities, and it sets a 15-year limit on the rights of previous owners to repurchase the property. It also allows property owners to waive their rights to notice and repurchase through a written waiver. The act is officially titled the "Houston eminent domain fairness act."