Allows school districts with low fund balances to sell surplus real property to maintain financial solvency.

The bill allows school districts with an estimated ending fund balance of three percent or less of their total revenues to request authorization from the superintendent of public instruction to sell surplus real property. The superintendent can only grant authorization if the sale is necessary for financial stability, preventing adverse impacts on student learning, and the proceeds will be used to alleviate financial burdens. The office of the superintendent of public instruction must adopt rules to ensure transparency and accountability in the sale process.

Allows school districts with low fund balances to sell surplus real property to maintain financial solvency.

The bill allows school districts with an estimated ending fund balance of three percent or less of their total revenues to request authorization from the superintendent of public instruction to sell surplus real property. The superintendent can only grant authorization if the sale is necessary for financial stability, preventing adverse impacts on student learning, and the proceeds will be used to alleviate financial burdens. The office of the superintendent of public instruction must adopt rules to ensure transparency and accountability in the sale process.