The bill amends several sections of the Revised Code, specifically sections 3313.41, 3318.08, and 5705.10, while enacting a new section 3313.411 and repealing sections 3313.411, 3313.412, and 3313.413. Its primary objective is to eliminate the right of first refusal for certain schools concerning the acquisition of school district real property. It permits boards of education to sell real or personal property valued over ten thousand dollars at public auction or private sale, with exceptions for sales to community schools and chartered nonpublic schools. Additionally, the new provisions under section 3313.411 restrict community schools, college-preparatory boarding schools, and STEM schools from selling property acquired under the previous version of this section within five years unless transferred to another governing authority, ensuring that such properties remain available for educational use.

The bill also introduces new requirements for the management and funding of school district projects, emphasizing adherence to an approved facilities maintenance plan and stipulating that all state and school district funds for project costs must be spent proportionally and simultaneously. It allows school districts to allocate a larger portion of their funds if necessary to maintain federal tax status for bonds issued for projects. Furthermore, the bill modifies existing language regarding the disposal of school district property, clarifying that proceeds from such sales must be used for debt retirement or capital improvements, thereby reinforcing fiscal responsibility. Overall, the legislation aims to streamline property disposal processes and project funding while ensuring compliance with state regulations and proper use of public funds.

Statutes affected:
As Introduced: 3313.41, 3318.08, 5705.10, 3313.411, 3313.412, 3313.413