School boards and local governing bodies; unexpended local funds, etc.

School boards and local governing bodies; unexpendedlocal funds; school maintenance, renovation, and construction.Encourages each school board to enter into a collaborative agreementwith the local governing body to set aside in a separate fund anysums appropriated to the school board by the local governing bodythat are unexpended by the school board in any year in order to usesuch sums to finance school maintenance, renovation, or constructionin the local school division. The bill declares any school board that fails to enter into such a collaborative agreement ineligibleto participate in any state grant, loan, or bond program that supportsschool maintenance, renovation, or construction. This bill is a recommendationof the Commission on School Construction and Modernization.