This bill amends Minnesota Statutes 2025 Supplement, section 126C.40, subdivision 1, to restore lease levy authority specifically for space necessary for high school graduation ceremonies. The new language allows independent or special school districts to rent or lease buildings or land for graduation purposes, which was not previously included. Additionally, the bill stipulates that the Department of Education must approve the costs of any leases for graduation ceremony facilities for high school students graduating at the end of the 2025-2026 school year, even if the lease was not submitted prior to the ceremony.

The bill also includes provisions regarding the criteria for approval of lease levies, ensuring that the costs are reasonable and appropriate for the intended use. It maintains existing regulations on the total levy amount and the conditions under which districts can lease space, while also allowing for some flexibility in the case of administrative space and deferred maintenance costs. The effective date for these changes is the day following final enactment.