Requires that lease agreements for school buildings in excess of 15 years be approved by voters of school district or board of school estimate as appropriate.

This bill requires that lease agreements for school buildings lasting more than 15 years be approved directly by voters or the board of school estimate, depending on the district type. Under the new rules, districts must present a specific question to the public that details the lease term, annual payment amounts, and the projected impact on the school district's tax levy. The bill also mandates that the ballot question include a clear statement informing voters that the school district will not own the building at the end of the lease term. Additionally, the legislation updates existing state laws regarding how school boards can lease, purchase, or acquire buildings and equipment.