A school facility shall be removed from the superintendent of public instruction's instructional space inventory five years after it has been sold or long-term leased under the following conditions:

1. (1) The facility is determined to be surplus to the needs of the district by the local school board.

2. (2) The sale or lease is in compliance with the requirements of chapter 28A.335 RCW.

   For purposes of this section a long-term lease is defined as having a term of no less than forty years.

[Statutory Authority: RCW 28A.525.020. WSR 06-16-032, recodified as § 392-343-415, filed 7/25/06, effective 8/25/06; WSR 98-19-143, § 180-27-415, filed 9/23/98, effective 10/24/98. Statutory Authority: 1990 c 33. WSR 90-17-009, § 180-27-415, filed 8/6/90, effective 9/6/90. Statutory Authority: RCW 28A.47.830, 28A.47.060 and 28A.47.802. WSR 90-01-076, § 180-27-415, filed 12/19/89, effective 12/19/89.]