The bill amends RCW 84.33.081 to ensure that timber tax distributions are preserved for school districts that have recently experienced levy failures. It introduces new provisions that allow for the calculation of distributions based on the highest capital project levy rate imposed by a school district in the two preceding calendar years if the district does not impose an excess levy for a capital project fund in the current year. Similarly, if a school district does not impose an enrichment levy in the current year, the highest enrichment levy rate from the previous two years will be used for distribution calculations.

Additionally, the bill declares an emergency, stating that it is necessary for the immediate preservation of public peace, health, or safety, and for the support of state government and its existing public institutions. This provision allows the act to take effect immediately upon passage. The changes aim to provide financial stability to school districts facing challenges due to recent levy failures, ensuring they continue to receive necessary funding from timber tax distributions.

Statutes affected:
Original bill: 84.33.081
Bill as passed Legislature: 84.33.081
Session law: 84.33.081