Maintaining the financial solvency of school districts.

Summary

The bill lets a district whose projected year‑end fund balance is three percent or less of its estimated revenue request state approval to sell real estate. Sales must be shown necessary for financial stability and to protect student learning, and proceeds are limited to debt service, capital projects, or other authorized uses. It adds transparency rules, limits repeat use, and sets notice, appraisal, and broker requirements.

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

Topics

Share