The proposed bill amends various sections of the Arizona Revised Statutes related to school capital finance. It introduces changes to the way school facilities are funded, managed, and constructed. The bill modifies the language concerning the distribution of monies by the school facilities division within the Department of Administration or at the direction of the school facilities oversight board. It also updates the approval process for voluntary partnerships to finance and design school facilities, specifying that the school district must demonstrate compliance with minimum adequacy standards before receiving funds.

Additionally, the bill revises the eligibility criteria for receiving monies from the building renewal grant fund and the new school facilities fund, including provisions for renovation or replacement of facilities that pose health or safety threats. It establishes a uniform format for school districts to develop capital plans for such construction projects and sets conditions for the transfer of funds between different school facility funds. The bill also outlines the process for school districts to apply for funding to renovate or replace existing facilities, including the requirement for an assessment to determine the facility's condition and the cost-effectiveness of renovation versus replacement. The effective date of the act is December 31, 2024.

Statutes affected:
Introduced Version: 15-342, 41-5702, 41-5711, 41-5731, 41-5741, 38-621, 38-624, 15-341, 15-491, 15-213.01, 15-701, 15-701.01, 11-952, 15-213, 15-789, 15-841, 15-949, 41-5701.02, 15-481, 41-1750, 15-1105, 15-1143, 15-1142, 15-746, 9-500.05, 11-1101, 15-154, 15-901, 15-158, 15-119, 41-5721, 15-995, 15-905, 28-8461, 41-791.01, 41-1092, 15-203, 35-190