Allows owners of real estate taken through eminent domain by school districts to buy it back if not used for a schoolhouse.

This bill provides owners of real estate taken through eminent domain by school districts, or sold under threat of eminent domain, the opportunity to purchase the real estate back when it is not put to intended public use. The school district must offer the previous owner the chance to buy back the property for the amount paid as compensation. If the property is later used for a schoolhouse or additional school grounds, the owner's rights to buy back the property terminate.

Allows owners of real estate taken through eminent domain by school districts to buy it back if not used for a schoolhouse.

This bill provides owners of real estate taken through eminent domain by school districts, or sold under threat of eminent domain, the opportunity to purchase the real estate back when it is not put to intended public use. The school district must offer the previous owner the chance to buy back the property for the amount paid as compensation. If the property is later used for a schoolhouse or additional school grounds, the owner's rights to buy back the property terminate.