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. This change allows community schools and other educational institutions to sell property acquired under previous provisions, with restrictions on selling that property within five years unless it is transferred to another governing authority. Additionally, the bill expands the types of entities to which school boards can sell property and clarifies the process for disposing of real or personal property owned by school boards.

Moreover, the bill introduces new provisions related to the management and funding of school district projects, emphasizing compliance with state regulations and the disbursement of funds. Key insertions include requirements for school districts to follow an approved facilities maintenance plan and stipulations for simultaneous spending of state and district funds for project costs. The bill also allows for greater expenditure of funds to maintain federal tax status for bonds issued for project financing and grants the commission authority to prohibit projects on unsuitable sites. Significant deletions streamline the legal framework by removing references to multiple sections, ultimately enhancing accountability and ensuring effective utilization of funds for educational infrastructure projects.

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