A bill to amend 1976 PA 451, entitled “The revised school code,” by amending sections 504a, 525, 557, and 1311h (MCL 380.504a, 380.525, 380.557, and 380.1311h), section 504a as amended and section 525 as added by 2003 PA 179, section 557 as added by 2009 PA 205, and section 1311h as amended by 2012 PA 620.
Prohibits the board of directors of a public school academy from purchasing or leasing a building from the education management organization with which it has a management agreement or from a real estate company affiliated with the education management organization. If this legislation passes, it would detrimentally affect the ability of certain education management organizations to purchase facilities for expanding their schools, some of which are among the highest-performing in the state. The use of 3rd-party landlords can lead to cost-prohibitive, predatory lending/lease practices that may prevent the school from remaining open.
Co-sponsored by Sens.
Referred to the Committee on Education
