HB0020

Modifies the payment structure for K-12 school facility lease agreements to establish reimbursement limits based on the lesser of the actual lease cost or a comparable market rate calculation.

• Requires school districts leasing buildings and facilities they own to ensure lease agreements include sufficient payment from the lessee to cover maintenance expenses in accordance with statewide adequacy standards. (W.S. 21-3-110(a)(x)(B), Sec. 1)
• Requires lease agreements to separately identify and account for major maintenance expenses, which must not be transferred or expended for other purposes without approval from the district or charter school. (W.S. 21-3-110(a)(x)(B), Sec. 1)
• Allows districts and charter schools to request review of major maintenance amounts by the state construction department to determine reasonableness. (W.S. 21-3-110(a)(x)(B), Sec. 1)
• Changes the reimbursement cap for leased facilities from 'not exceed' to 'be equal to the lesser of' the actual lease agreement amount or the average cost per square foot for comparable buildings multiplied by allowable square feet. (W.S. 21-3-110(a)(x)(B), Sec. 1)

Effective: July 1, 2025

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