Subject of Possible Rule Making: WAC 392-123-175 Proceeds from the lease, rental or occasional use of surplus property.

     Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 28A.335.060.

     Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Revision of WAC is needed to reflect the change made in SHB 1995 passed in 2004 regular session of RCW 28A.335.060 (1)(b) which allows the proceeds from the lease or rental of real property be deposited into the general fund.

     Process for Developing New Rule: Early solicitation of public comments and recommendations respecting new, amended or repealed rules, and consideration of the comments and recommendations in the course of drafting the rules.

     Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by sending written comments to Rules Coordinator, Legal Services, Office of Superintendent of Public Instruction, P.O. Box 47200, Olympia, WA 98504-7200, fax (360) 753-4201, TTY (360) 664-3631. For telephone assistance contact Ron Stead, Director, School Financial Services, (360) 725-6302.

March 10, 2005

Dr. Terry Bergeson

Superintendent of Public Instruction

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