Education: public school academies; public school academy real estate transactions with certain entities; restrict. Amends secs. 504a, 525, 557 & 1311h of 1976 PA 451 (MCL 380.504a et seq.).

This bill restricts how Michigan public school academies can purchase or lease real estate from specific entities to prevent conflicts of interest. It prohibits these academies from buying or renting property from educational management organizations, their affiliated real estate holding companies, or any person connected to those companies. Additionally, the bill requires that all real estate transactions be approved by the academy's board of directors based on an independent appraisal to ensure market value and must be reviewed by the academy's authorizing body. If the authorizing body suspects a violation of these rules, it must notify the state superintendent of public instruction and the state board of education.