(b) Once the Division of Public School Academic Facilities and Transportation identifies a public school facility or other real property as an unused or underutilized public school facility, a public charter school may give notice of its intent to purchase or lease the public school facility or other real property from the school district no earlier than the later of:
- (1) The date the public school facility or other real property is first identified by the division as an unused or underutilized public school facility; or
- (2) If the public school facility or other real property has already been designated in the school district’s facilities master plan to be reused, renovated, or demolished as part of a specific committed project or planned new construction project, two (2) years from the date the public school facility or other real property is first identified by the division as an unused or underutilized public school facility.