Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
House committee clears bill letting solvent districts sell real property with superintendent approval
Summary
House Bill 2,551, which would allow school boards meeting fund‑balance requirements to sell district real property when authorized by the superintendent, was reported out of committee after debate about short‑term fixes versus long‑term asset planning (10–4, 5 excused).
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
The House Education Committee voted to report House Bill 2,551, which would permit school boards of directors to sell district real property if the district meets fund‑balance and other conditions and the transaction is authorized by the superintendent.
Staff described the bill in briefing and no amendments were in the books. Supporters framed the measure as a tool to help districts address solvency issues without immediate state assistance; Representative Stonier urged support because it helps districts manage current funding shortfalls. Opponents cautioned that selling property to cover short‑term deficits could hamper future growth and recovery.
The committee recorded a roll call tally of 10 ayes, 4 nays, and 5 excused and reported House Bill 2,551 from committee with a due‑pass recommendation.
The bill now advances toward further House consideration and any fiscal review for budgetary effects.
