Washington legislation · 2025-26 Regular Session
Washington HB2551: School district solvency
Status: In committee, February 19, 2026
Maintaining the financial solvency of school districts.
What the bill says
An act Relating to maintaining the financial solvency of school districts through limited real property sales approved by the superintendent of public instruction; amending RCW 28A.335.120 and 28A.335.130; and adding a new section to chapter 28A.335 RCW. NEW SECTION.
From the introduced text:
AN ACT Relating to maintaining the financial solvency of school districts through limited real property sales approved by the superintendent of public instruction; amending RCW 28A.335.120 and 28A.335.130; and adding a new section to chapter 28A.335 RCW. NEW SECTION. Sec. 1. A new section is added to chapter 28A.335 RCW to read as follows: (1) The board of directors of a school district with an estimated ending fund balance for the fiscal year equaling three percent or less of its estimated total revenues for the same fiscal year may request from the superintendent of public instruction authorization to sell real property of the district. The superintendent of public instruction, subject to the following conditions, may only grant the authorization if the school district demonstrates to the satisfaction of the superintendent of public instruction (b) The sale is necessary to prevent adverse impacts to student learning; and (c) The proceeds from the sale will be used only for alleviating or concluding the financial burdens that caused or significantly contributed to inability of the school district to assure its financial solvency. (2) The office of the superintendent of public instruction shall adopt rules to implement this section that include provisions to ensure transparency and accountability, and to verify that the school district's use of the proceeds from any sale of real property …
Sponsors
- Jake Fey (D) · primary sponsor
- Leavitt, Mari (D)
Latest actions
- : House Rules "X" file.
- : Returned to Rules Committee for second reading.
- : Rules Committee relieved of further consideration. Placed on second reading.
- : Referred to Rules 2 Review.
- : Minority; without recommendation.
- : Minority; do not pass.
- : CB - Majority; do pass.
- : Executive action taken in the House Committee on Capital Budget at 8:30 AM.
- : Public hearing in the House Committee on Capital Budget at 8:00 AM.
- : Referred to Capital Budget.
Votes
- House Committee on Capital Budget: Do pass (February 9, 2026): 10 yea, 5 nay, passed
- House Committee on Education: Do pass (February 3, 2026): 10 yea, 4 nay, passed
Subjects: SCHOOLS AND SCHOOL DISTRICTS
Common questions
- What is HB2551?
- HB2551 is a bill in the Washington Legislature (2025-26 Regular Session): School district solvency.
- What does HB2551 do?
- In its own words: An act Relating to maintaining the financial solvency of school districts through limited real property sales approved by the superintendent of public instruction; amending RCW 28A.335.120 and 28A.335.130; and adding a new section to chapter 28A.335 RCW. NEW SECTION.
- What is the status of HB2551?
- In committee as of February 19, 2026. Latest action: House Rules "X" file. (February 19, 2026).
- Who sponsored HB2551?
- Jake Fey (D), with 1 co-sponsor.
- Where is the official record for HB2551?
- On the Washington Legislature website: https://app.leg.wa.gov/billsummary?BillNumber=2551&Year=2025
Source: official Washington record. Tracked by Delilah, AI for legislation across all 50 states and Congress.