SB 989 - This act modifies a prohibition on school boards leasing or renting buildings while a school building is unoccupied so that a school board may lease a building as provided in Section 177.088 when a school building is unoccupied.
Currently, the board of any educational institution may only enter into an agreement with a not-for-profit corporation when making certain transactions or modifications involving sites, buildings, facilities, furnishings, and equipment. This act removes the limitation on contracts being entered into only with non-for-profit corporations for such purposes.
The act also repeals a provision allowing a board to refinance a lease purchase agreement under certain circumstances.
This act is identical to HCS/HB 783 (2013), provisions contained in SB 719 (2014) and CCS/HCS/SCS/SBs 493, 485, 495, 516, 534, 545, 595, 616 & 624 (2014), and is similar to SB 474 (2013).