This bill proposes several updates to current statutes regarding school district leases and property sales. It introduces a new provision granting charter schools or their charter authorizers the right of first refusal to purchase a building owned by a school district if the district decides to sell it. Additionally, it specifies that a school district cannot withdraw a property from sale solely because a charter school exercises this right. The bill also outlines the conditions under which a school district may terminate or refuse to renew a lease, requiring public hearings and opportunities for public comment before any decision is made.

Furthermore, the bill exempts proceeds from the sale of school property to other schools, including charter authorizers, from existing restrictions on the expenditure of such proceeds. It clarifies that sales of school property exceeding $100,000 may not be used for maintenance and operation but can be allocated for capital outlay. The updates aim to enhance transparency and provide charter schools with more opportunities in the leasing and purchasing of school properties, while also ensuring that school districts follow a structured process for lease terminations.

Statutes affected:
Introduced Version: 15-119
House Engrossed Version: 15-119, 15-1102, 41-563