Concerning the use of school impact fees.

SB 5943 establishes a formal system for deferring school impact fees for single-family residential construction in Washington. It requires counties and cities to offer homeowners three payment options: delaying fees until final inspection, certificate of occupancy, or the first property sale after the building permit is issued. The bill limits deferrals to 18 months, requires recording a lien on the property, and sets a cap of 20 annual deferrals per applicant (with local governments able to allow more after consulting school districts). It also mandates that deferred fees must be paid from seller proceeds at closing and specifies that fees must be proportional to new development costs and used for related school facility improvements.