school districts; property; housing developments

This bill amends Arizona law to allow school districts to sell or lease school properties without voter approval under specific conditions. It removes the requirement for elector approval when selling property valued under $50,000, as part of renewable energy agreements, or when proceeds fund state school facilities programs. School districts may also exchange property for more suitable sites or use sale proceeds for bonded debt or tax reductions within two years, with strict conditions. The policy directly affects school district governing boards managing real estate assets, streamlining property transactions for facilities needs.