ASDB; capital improvements; financing; authority

Summary

The legislation amends state statutes to give the board of directors for the schools the authority to raise, invest, and spend money on building and improving facilities. It creates a capital‑improvement fund funded by donations, sales, and grants, and sets limits on lease‑purchase deals and required oversight by a joint capital‑review committee. The changes aim to give the schools more flexibility for capital projects while protecting the state from new debt obligations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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