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Committee reviews bill allowing limited transfers from school transportation vehicle funds
Summary
Senate Bill 5922 would let school districts petition OSPI to transfer funds from transportation vehicle replacement accounts to other district funds if a district reduces its fleet; the bill includes oversight conditions and a small fiscal note estimate for administering petitions.
Senate Bill 5922 was presented to the Early Learning & K–12 Education Committee as a mechanism for school districts to petition the Office of Superintendent of Public Instruction (OSPI) to transfer money from their transportation vehicle funds to another fund when districts choose not to replace vehicles and reduce their fleet. Alex Fairfortune, committee staff, said the policy would allow transfers only for payments tied to fully depreciated vehicles plus earned interest and…
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