Prohibiting local governments from transferring real property to nongovernment entities without fair consideration.

HB 1852 requires cities, counties, and code cities in Washington to receive fair market value (or equivalent compensation) when transferring or selling real property to non-government entities or individuals. The bill applies to all local government-owned real property transfers, ensuring such transactions cannot occur at below-market rates without justification. It exempts state forestlands, federally granted educational lands, and properties subject to bond covenants. This policy change directly affects local governments' ability to dispose of surplus public land, mandating fair compensation to prevent undervalued sales.