Introduced by Sen. Bruce Caswell (R) on May 21, 2014 To establish a process for a public school district that is no longer financially viable to voluntarily dissolve itself, with the property it owns transferred to a “land bank” authority (the students would be assigned to neighboring districts). That entity would first offer the property for transfer to the school districts that absorbed the children in the territory of the dissolved district, then to other districts. If no school district wanted the property the authority would auction it to the highest bidder. Official Text and Analysis.
Referred to the Senate Appropriations Committee on May 21, 2014