SB 474 - This act modifies provisions relating to school facilities and equipment. This act modifies a prohibition on school boards leasing or renting buildings while a school building is unoccupied so that a school board may lease a building as provided in Section 177.088 when a school building is unoccupied.
Currently, the board of any educational institution may only enter into an agreement with a not-for-profit corporation when making certain transactions or modifications involving sites, buildings, facilities, furnishings, and equipment. This act allows the board of any educational institution to enter into agreements with a corporation formed under the laws of Missouri for such purposes.
Currently, the term of a lease may not exceed one year with no more than twenty-five successive options by the educational institution to renew the lease. This act changes the maximum term of a lease to no more than twenty years with no more than five successive options by the educational institution to renew the lease.
This act also repeals an obsolete reference to subsection 6 of Section 165.011.
This act is similar to HCS/HB 783 (2013) and is similar to provisions contained in HCS/SB 24 (2013) and HCS/SS/SCS/SB 83 (2013).
MICHAEL RUFF