Plain English Breakdown
The official bill text does not provide details about how major maintenance is handled, only that it must be reported separately and approved by the district or charter school.
K-12 School Facility Leasing Act
This law changes how school districts and charter schools are reimbursed for leasing buildings or facilities used for K-12 education.
What This Bill Does
- Modifies the reimbursement amount for a school district or charter school leased building or facility to be the lesser of the total lease agreement amount or the average cost per square foot for comparable buildings or facilities multiplied by the allowable square feet.
Who It Names or Affects
- School districts
- Charter schools
Terms To Know
- Reimbursement
- Money given back to a school district or charter school after leasing a building or facility.
- Major maintenance
- Important repairs and upkeep needed for buildings and facilities.
Limits and Unknowns
- The law only affects lease agreements for K-12 education buildings.
- It does not change how schools are reimbursed if the leased facility is included in their total square footage calculations.