SB 5403 — Establishing school district depreciation subfunds for the purposes of preventative maintenance.

What this bill does

Requires districts to establish a depreciation subfund to reserve funds for future facility and equipment needs, and establishes limits on the amount of money that may be deposited into the subfund.

From the Washington State Legislature's nonpartisan staff bill analysis. Read the full analysis ↗

Floor votes

• House — Final Passage as Amended by the House · April 12, 2023
  89 yea · 8 nay · 1 not voting
• Senate — Final Passage as Amended by the House · April 18, 2023
  48 yea · 0 nay · 1 not voting
• Senate — 3rd Reading & Final Passage · March 3, 2023
  48 yea · 0 nay · 1 not voting

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