AB 1406: School facilities: leases of real property.

Existing law authorizes a school district to enter into leases and agreements relating to real property and buildings to be used by the school district pursuant to specified provisions of law, and provides that the term of any lease or agreement entered into pursuant to those provisions shall not exceed 40 years.

This bill would increase the maximum term of a lease or agreement entered into pursuant to these provisions to 99 years.

Existing law authorizes a school district to enter into leases and agreements relating to real property and buildings to be used jointly by the school district and a private person, firm, local governmental agency as defined, or corporation. Existing law requires that the term of any lease or agreement entered into by a school district under these provisions not exceed 66 years.

This bill would increase the maximum term of a lease or agreement entered into pursuant to these provisions to 99 years.