This bill proposes several updates to current statutes regarding school leases and property sales. It introduces a new provision granting charter schools or their 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 or lease 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 from existing restrictions on how such proceeds can be spent. 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 amendments are retroactive to January 1, 2025, ensuring that the new provisions apply to decisions made after this date. Overall, the bill aims to enhance the rights of charter schools in property transactions and increase transparency in lease termination processes.

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