Eliminate right of first refusal for school district property

SB 265 modifies how Ohio school districts sell or dispose of real and personal property valued over ten thousand dollars by removing the requirement to offer the property to existing school districts first. Under the new rules, school boards must sell such assets at a public auction after providing thirty days' notice, or conduct a private sale if the item does not sell at auction. The bill also clarifies that properties can be sold directly to various entities, including the state adjutant general, other government subdivisions, colleges, and nonprofit institutions, without needing prior approval from other school districts. Additionally, the legislation establishes a formal process for donating obsolete or unneeded school property to eligible state-based nonprofit organizations through a public notice system.