Introduced
by
To authorize a school district to sell a school building to a private entity which would lease it back to the district after rehabbing it and bringing it up to code. At the end of the lease period the building would be turned back over to the district. The private entity would receive a single business tax credit, and the school district would be able to indirectly finance a capital improvement project (and take on a corresponding liability) without having to ask voters to pass a bond initiative.
Referred to the Committee on Education
