This bill establishes a prohibition for certain school districts under State intervention from entering into leases for buildings if the total lease costs would exceed the purchase price of the building. Specifically, it targets school districts that have not successfully regained local control over their governance component of school district effectiveness. In such cases, the district or the State acting on its behalf is restricted from leasing a building as a lessee.

The intent of the bill is to ensure that school districts under State intervention make financially prudent decisions regarding their facilities, thereby preventing them from incurring higher costs through leasing when purchasing would be more economical. The bill is set to take effect immediately upon enactment.