Sec. 14.39.02.21. Temporary or Partial Change in School Use

A. When an LEA uses more than 10 percent of a school building for educational purposes other than as a school for 5 years or less, the LEA shall notify the IAC of the use, the anticipated time for the use, and the expected date for reactivation as a school.

B. When an LEA leases more than 10 percent of a school building for 5 years or less:

(1) The LEA shall request IAC approval to lease by providing the IAC the information in §A of this regulation and a copy of the proposed lease; and

(2) The IAC may require the LEA to:

(a) Pay the State a proportional share of the lease proceeds based on the proportion of the State's investment in the school; and

(b) Assume the outstanding debt remaining for bonds, the proceeds of which were used to construct or renovate the school.

C. When an LEA leaves more than 10 percent of a school building vacant for 5 years or less:

(1) The LEA shall report the vacancy to the IAC by providing the information in §A of this regulation; and

(2) The IAC may require the LEA to assume the outstanding debt remaining for bonds, the proceeds of which were used to construct or renovate the school.