The bill amends RCW 79.15.050 to establish new provisions for the direct sale of valuable materials, particularly for habitat restoration projects. It specifies that while all sales exceeding $25,000 in appraised value must typically occur through public auction or sealed bids, there is an exception for direct sales. The board is authorized to set a maximum direct sale value of $25,000, but it can also allow direct sales of valuable materials up to $250,000 for entities engaged in habitat restoration, provided certain conditions are met. These conditions include ensuring the sale is in the state's best interest, that the project proponent has the necessary permits, and that the materials are not resold or remanufactured.

Additionally, the bill outlines the appraisal process for these materials, requiring that they be valued based on an arms-length market value, which reflects the cost of similar materials used in aquatic restoration projects within the last 24 months. If this value cannot be determined, an alternative appraisal method based on previous sales will be used. The bill also mandates that all required fees be collected by the department, ensuring accountability in the sales process.

Statutes affected:
Original Bill: 79.15.050
Substitute Bill: 79.15.050
Bill as Passed Legislature: 79.15.050
Session Law: 79.15.050