CO HB1006

School districts may lease property for solar fields, energy storage systems, or affordable housing projects for any term of years, removing the previous 10-year cap on general leases

Existing lease term limits remain unchanged: up to 10 years for general purposes, 30 years for charter schools on unimproved land, and up to 50 years when the district becomes a subtenant

School boards leasing property for affordable housing must develop a policy defining "affordable housing" for that project

Takes effect 90 days after legislative adjournment, unless a referendum petition is filed, in which case it would go to voters in November 2026