For immediate release:
Jan. 28, 2013
INDIANAPOLIS - Legislation advanced by Rep. Kreg Battles (D-Vincennes) that requires charter schools to charge fair prices for unused buildings has been added to a sale of public school buildings bill.
House Bill 1012 passed through the House with a vote of 98-0 and will now be handled by the Indiana Senate.
The bill originally stated that if a charter school takes over a building for one dollar, and sells or subleases that building to an organization, the school could recoup any costs put into the building.
With the adoption of Battles’ amendment, charter schools would not be able to charge the exact dollar amount of the costs, but rather the actual existing improvement value.
“My amendment just tries to make the cost of the buildings fair for organizations,” said Battles. “When you put money into a house it doesn’t mean your house is worth that much more. Similarly, this amendment forces charter schools to account for depreciation when selling or subleasing buildings.”