1. (a) Except as provided under subsection (e), not later than October 31, 2025, a local centralized school facilities board is established for participating school corporations and schools.
2. (b) Each local board must be independent from any school corporation and school.

3. (c) The local board consists of seven (7) members who:

   1. (1) are proportionately appointed as either representatives of participating school corporations, charter schools, or nonpublic schools described in section 3(2) of this chapter based on:

      1. (A) the total pupil enrollment of the participating school corporations;
      2. (B) the total pupil enrollment of participating charter schools; and

      3. (C) the total pupil enrollment of participating nonpublic schools;

         that are partnering under the pilot program; and

   2. (2) are members of the:

      1. (A) governing body of a participating school corporation;
      2. (B) charter school board of a participating charter school; or

      3. (C) equivalent of a governing body for a participating nonpublic school;

         described in subdivision (1).

4. (d) Each local board must collaborate with individuals or entities that have expertise in the following:

   1. (1) Facility management, construction, or real estate.
   2. (2) Public finance or public debt issuance.
   3. (3) Demographic analysis and urban planning.
   4. (4) Organizational effectiveness, operations management, and implementing best practices.
   5. (5) Government contracts.
   6. (6) Budget development and oversight.

5. (e) If a school corporation or school, in partnership with other school corporations, schools, or both other school corporations and schools, receives approval to participate in the:

   1. (1) pilot program; and

   2. (2) student transportation pilot program under IC 20-20.5-23 ;

      the school corporation or schools may elect to establish, not later than October 31, 2025, one (1) local centralized school facilities and transportation board consisting of the members described in subsection

   3. (c) that has the powers and duties and is subject to the requirements of a local centralized school facilities board under this chapter and local student transportation board under IC 20-20.5-23 .

      [Pre-2026 Revision Citation: 20-20-52-6.]

As added by P.L.74-2026, SEC.37.