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 this minimum value after 120 days of being offered for sale, the board may adopt a resolution to sell the property at the highest price obtainable through public auction. The bill also outlines the requirements for publishing notices of intention to sell, including details about the property, sale terms, and the right to reject 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
Bill as passed Legislature: 57.08.015, 57.08.016
Session law: 57.08.015, 57.08.016