BILL REQ. #:  S-0361.1 

Read first time 01/24/2003.   Referred to Committee on Education.

     AN ACT Relating to the disposition of funds received from the rental or lease of school district real property; amending RCW 28A.335.060; and providing an effective date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

Sec. 1   RCW 28A.335.060 and 1989 c 86 s 2 are each amended to read as follows:
     Each school district's board of directors shall deposit moneys derived from the lease, rental, or occasional use of surplus school property as follows:
     (1) Moneys derived from real property shall be deposited ((into the district's debt service fund and/or capital projects fund except for moneys required to be expended for general maintenance, utility, insurance costs, and any other costs associated with the lease or rental of such property, which moneys shall be deposited in the district's general)) as follows:
     (a) Amounts required to be expended for general maintenance, utility, insurance costs, and other costs associated with the lease or rental of such property shall be deposited in the district's general fund;
     (b) Additional amounts shall be deposited in the district's general fund for general maintenance, utility, insurance costs, and other costs directly associated with district property; the district's debt service fund; and/or the district's capital projects fund;
     (2) Moneys derived from pupil transportation vehicles shall be deposited in the district's transportation vehicle fund;
     (3) Moneys derived from other personal property shall be deposited in the district's general fund.

NEW SECTION.  Sec. 2   This act takes effect September 1, 2003.