WA People
BILL · 2025–26 SESSION · LATEST VERSION SSB 5412

SB 5412: Interfund loans/schools

Providing temporary interfund loans for school districts.

Summary

  • Allows school districts in binding conditions or under enhanced financial oversight to take a temporary, interest free interfund loan from its capital projects fund, subject to certain conditions.
  • Allows boards of directors of school districts in binding conditions to request from the Superintendent of Public Instruction (SPI) authorization to sell real property of the district for purposes of maintaining financial solvency.
  • Modifies provisions governing the sale of school district real property when directed by a financial oversight committee convened by the SPI.

From the Substitute House Bill Report (SSB 5412), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 384, Laws of 2025
  1. IntroducedJan 22, 2025
  2. Out of committeeFeb 13, 2025
  3. Passed SenateMar 11, 2025
  4. Passed HouseApr 14, 2025
  5. GovernorMay 20, 2025
  6. LawMay 20, 2025
Prime sponsor
June Robinson (D-38)
Introduced
January 22, 2025 in the Senate
Last action
May 20, 2025
Session law
Chapter 384, Laws of 2025
Budget
Has a fiscal note
Versions
SB 5412, SSB 5412

AN ACT Relating to temporary interfund loans for school districts in binding conditions or under enhanced financial oversight;

Sponsors

Prime sponsor: June Robinson (D-38)

3 co-sponsors (3 Democrats, 0 Republicans)

Mike Chapman D-24T'wina Nobles D-28Rebecca Saldaña D-37

Votes

Senate · 3rd Reading & Final Passage

Passed March 11, 2025
Version voted on: SSB 5412
30 Yea 19 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29100
Republican11800
How each member voted
Permalink to this vote

House · Final Passage as Amended by the House

Passed April 14, 2025
Version voted on: SSB 5412
60 Yea 36 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat58001
Republican23601
How each member voted

Yea (60)

Excused (2)

Permalink to this vote

Senate · Final Passage as Amended by the House

Passed April 17, 2025
Version voted on: SSB 5412
29 Yea 20 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat29100
Republican01900
How each member voted
Permalink to this vote

History

  1. Effective date 7/27/2025. (SSB 5412)
  2. Chapter 384, 2025 Laws. (SSB 5412)
  3. Governor signed. (SSB 5412)
  4. Delivered to Governor. (SSB 5412)
  5. Speaker signed. (SSB 5412)
  6. President signed. (SSB 5412)
  7. Passed final passage; yeas, 29; nays, 20; absent, 0; excused, 0. (SSB 5412)
  8. Senate concurred in House amendments. (SSB 5412)
  9. Third reading, passed; yeas, 60; nays, 36; absent, 0; excused, 2. (SSB 5412)
  10. Rules suspended. Placed on Third Reading. (SSB 5412)
  11. Committee amendment(s) adopted as amended. (SSB 5412)
  12. Rules Committee relieved of further consideration. Placed on second reading. (SSB 5412)
  13. Referred to Rules 2 Review. (SSB 5412)
  14. Minority; do not pass. (SSB 5412)
  15. ED - Majority; do pass with amendment(s). (SSB 5412)
  16. ED - Executive action taken by committee. (SSB 5412)
  17. First reading, referred to Education. (SSB 5412)
  18. Third reading, passed; yeas, 30; nays, 19; absent, 0; excused, 0. (SSB 5412)
  19. Rules suspended. Placed on Third Reading. (SSB 5412)
  20. 1st substitute bill substituted. (SSB 5412)
  21. 1st substitute bill substituted.
  22. Placed on second reading by Rules Committee. (SSB 5412)
  23. Placed on second reading by Rules Committee.
  24. Passed to Rules Committee for second reading. (SSB 5412)
  25. Passed to Rules Committee for second reading.
  26. Minority; do not pass. (SSB 5412)
  27. EDU - Majority; 1st substitute bill be substituted, do pass. (SSB 5412)
  28. EDU - Majority; 1st substitute bill be substituted, do pass.
  29. Minority; do not pass.
  30. First reading, referred to Early Learning & K-12 Education.

SB 5412 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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