The bill amends existing laws regarding the sale of surplus property by water-sewer districts in Washington State. It raises the threshold for when a notice of intention to sell is required for personal property from $2,500 to $5,400. Additionally, it increases the estimated value limit for private sales of real property from $5,000 to $7,500. The bill stipulates that the estimated value must be determined by the board of commissioners based on advice from real estate appraisers or brokers, and it mandates that any sale of real property must be for at least ninety percent of its estimated or appraised value.

Furthermore, if a property cannot be sold at the established price after 120 days, the board may adopt a resolution to sell the property at the highest price obtainable through public auction. The bill requires that notices for both private and public sales be published in a local newspaper, detailing the property, sale terms, and conditions for bids. These amendments aim to streamline the process for water-sewer districts to manage and sell surplus property effectively.

Statutes affected:
Original Bill: 57.08.015, 57.08.016