The proposed bill would amend current statutes regarding school district leases and sales of school property. It introduces a new provision granting charter schools or their charter authorizers the right of first refusal to purchase a building leased from 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 a 90-day comment period before any decision is made.

Furthermore, the bill exempts proceeds from the sale of school property to other schools 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 amendments would apply retroactively to January 1, 2025, ensuring that the new provisions affect past transactions as well.

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