MN SF4500

Restores authority for school districts to use lease levy funds to rent space for high school graduation ceremonies, adding this to the existing allowed purposes of instructional use, storage, and furniture repair

Requires Department of Education approval for lease levy requests, with commissioner-prescribed criteria including price reasonableness, space appropriateness, and district financial condition

Caps the total lease levy at $212 per adjusted pupil unit per year, with projects exceeding $500,000 (for districts with capital loans) or $2,000,000 (for districts without capital loans) subject to additional review

Mandates the Department of Education approve graduation facility lease costs for the 2025-2026 school year as part of the taxes payable in 2027 levy, even if the lease was submitted after the ceremony occurred

Effective immediately upon final enactment