SB5186 revises local funding rules for school district facilities in Washington.

SB5186 modifies the rules for local funding of school district facilities in Washington. It specifies that a three-fifths majority vote is required for issuing bonds exceeding three-eighths of one percent of the district's taxable property value. The bill also outlines the process for validating and ratifying such indebtedness, including public hearings and elections. Additionally, it sets limits on the total indebtedness for various districts, including school districts, counties, cities, towns, and public hospital districts.

SB5186 revises local funding rules for school district facilities in Washington.

SB5186 modifies the rules for local funding of school district facilities in Washington. It specifies that a three-fifths majority vote is required for issuing bonds exceeding three-eighths of one percent of the district's taxable property value. The bill also outlines the process for validating and ratifying such indebtedness, including public hearings and elections. Additionally, it sets limits on the total indebtedness for various districts, including school districts, counties, cities, towns, and public hospital districts.