California AB2067 allows school districts to lease real property for construction projects.

California AB2067 amends the Education Code to allow school districts to lease real property for construction projects. The bill specifies that the lease must require the lessee to construct buildings for the school district's use during the lease term and mandates that title to the buildings vest in the school district at the lease's expiration. The bill outlines procedures for evaluating and awarding proposals, including criteria for selecting proposers and the process for finalizing prices. It also addresses the payment of contractors in cases where the lease is deemed invalid by a court.

California AB2067 allows school districts to lease real property for construction projects.

California AB2067 amends the Education Code to allow school districts to lease real property for construction projects. The bill specifies that the lease must require the lessee to construct buildings for the school district's use during the lease term and mandates that title to the buildings vest in the school district at the lease's expiration. The bill outlines procedures for evaluating and awarding proposals, including criteria for selecting proposers and the process for finalizing prices. It also addresses the payment of contractors in cases where the lease is deemed invalid by a court.