Staff Analysis of the Legislation
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This bill requires the School Facilities Board (SFB) to take ownership of a district school where current enrollment is below 25% of capacity. SFB must reimburse the district for 10% of the value of either the building or the land, whichever is greater. Allows SFB to transfer ownership of the building to an adjacent school district if that district received an A, B, or C letter grade, has experienced enrollment growth in 3 of the previous 5 years, and the district's governing board votes to assume ownership of the building. |