SB1379

SB1379 amends Tennessee Code to regulate the use of underutilized and vacant properties by public charter schools and child care agencies.

SB1379 amends Tennessee Code to establish guidelines for public charter schools and child care agencies when leasing or purchasing underutilized or vacant properties from local education agencies (LEA). It mandates that lease agreements must not reflect any outstanding bonded debt unless agreed upon for necessary costs. Public charter schools and child care agencies have the right of first refusal to purchase or lease such properties at fair market value. The bill also outlines the process for determining fair market value and requires LEAs to list all underutilized or vacant properties.