HB 1833 - DIGEST

(DIGEST AS ENACTED)

     Provides that the board of directors of any school district may enter into contracts for their respective districts with public and private persons, organizations, and entities for the following purposes:  (1) To rent or lease building space and portable buildings for periods not exceeding ten years in duration;

     (2) to rent security systems, computers, and other equipment or to have maintained and repaired security systems, computers, and other equipment for periods not exceeding five years in duration; and

     (3) to provide pupil transportation services for periods not exceeding five years in duration.

     Provides that the board of directors of any school district may use the proceeds of voter-approved bonds, voter-approved levies, state allocations for financial assistance, or other funds available to the district for:  (1) Payment of an installment purchase contract for school plant facilities; or

     (2) payments under any financing lease the term of which is ten years or longer and that contains an option by the school district to purchase the leased property for nominal consideration.