This bill amends existing law (RCW 57.08.015 and RCW 57.08.016) governing how water-sewer districts may sell district property. It requires the board of commissioners to determine property is not needed and to give published notice (once a week for two consecutive weeks in a local newspaper) listing the property, sale time and place, terms, and whether the sale will be public or private. No notice is required to sell personal property valued under $5,400. The bill prohibits private sale of real property when the estimated value exceeds $7,500 and generally bars selling district real property for less than 90 percent of its value, subject to a later auction option if no sale at 90 percent or more is obtained after 120 days. For real property with an estimated value over $5,000, the bill requires a written valuation made within six months before sale either by three disinterested licensed real estate brokers (a broker price opinion) or by one professionally designated real estate appraiser as defined in chapter 18.140 RCW; the valuation must be signed, filed with the board secretary, and kept available for public inspection. If the property fails to sell at 90 percent or more within 120 days, the board may adopt a resolution of inability to sell and offer the property at public auction, with required public notice and reservation of the right to reject bids. This is a statutory amendment that changes procedures and evidentiary requirements for sales, sets minimum price and private-sale limits, and prescribes valuation and notice processes. The extracted text references the definition of "professionally designated real estate appraiser" in chapter 18.140 RCW but does not provide that definition here. The document excerpts do not include an effective date, severability clause, fiscal notes, or other possible sections, and the relationship between the $7,500 and $5,000 thresholds is presented but not further explained in the provided text.

If enacted, water-sewer district boards will face clearer limits and steps before selling property: small personal items under $5,400 can be disposed of without public notice, but real property over $7,500 cannot be sold privately and most real property cannot be sold for less than 90 percent of its established value unless it has been offered for 120 days with no takers, after which a public auction may be held. For parcels with an estimated value above $5,000 the board must obtain a broker price opinion from three disinterested licensed brokers or a professional appraisal done within six months, file that valuation with the board secretary, and publish required sale notices twice in a local newspaper, which will increase transaction steps, publication and valuation costs, and likely slow sales. The most affected parties are water-sewer districts and their boards (more administrative duties and fees), the board secretaries (responsible for filing and public inspection), licensed brokers and appraisers (new business for valuations), newspapers (publication revenue), and potential buyers (more auctions and bidding conditions). The bill text does not show an effective date, fiscal details, or the full definition of a "professionally designated real estate appraiser" (it only points to chapter 18.140 RCW), and the relationship between the $5,000 valuation trigger and the $7,500 private-sale cutoff could use clearer context.