105 ILCS 5/10-22.11
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 10 - School Boards

 (from Ch. 122, par. 10-22.11)Sec. 10-22.11. Lease of school property.(a) To lease school  property to another school district, municipality or body politic and  corporate for a term of not to exceed 25 years, except as otherwise  provided in this Section, and upon such terms and conditions as may be  agreed if in the opinion of the school board use of such property will  not be needed by the district during the term of such lease; provided,  the school board shall not make or renew any lease for a term longer  than 10 years, nor alter the terms of any lease whose unexpired term may  exceed 10 years without the vote of 2/3 of the full membership of the board.(b) Whenever the school board considers such action advisable and in  the best interests of the school district, to lease vacant school  property for a period not exceeding 51 years to a private not for profit  school organization for use in the care of persons with a mental disability who are trainable and educable in the district or in the  education of the  gifted children in the district. Before leasing such property to a  private not for profit school organization, the school board must adopt  a resolution for the leasing of such property, fixing the period and  price therefor, and order submitted to referendum at an election to be held  in the district as provided in the general election law, the question of  whether the lease should be entered into.  Thereupon, the secretary  shall certify to the proper election authorities the proposition for  submission in accordance with the general election law. If the majority  of the voters voting upon the proposition vote in favor of the leasing,  the school board may proceed with the leasing.  The proposition shall be  in substantially the following form:  --------------------------------------------------------------Shall School District No. ..... of..... County, Illinois lease to            YES..... (here name and identify thelessee) the following described vacant  ----------------------school property (here describe theproperty) for a term of ..... years        NOfor the sum of ..... Dollars?--------------------------------------------------------------This paragraph (b) shall not be construed in such  a manner as to  relieve the responsibility of the Board of Education as set out in  Article 14 of the School Code.(c) To lease school buildings and land to suitable lessees for educational  purposes or for any other purpose which serves the interests of the  community, for a term not to exceed 25 years and upon such terms and  conditions as may be agreed upon by the parties, when such buildings and land are  declared by the board to be unnecessary or unsuitable or  inconvenient for a school or the uses of the district during the term of  the lease and when, in the opinion of the board, the best interests of  the residents of the school district will be enhanced by entering into  such a lease.   Such leases shall include provisions for adequate  insurance for both liability and property damage or loss, and  reasonable charges for maintenance and depreciation of such buildings and  land.(d) Notwithstanding any other provision to the contrary, a lease for vacant school property may exceed 25 years for renewable energy resources, as defined in Section 1-10 of the Illinois Power Agency Act. (Source: P.A. 102-662, eff. 9-15-21.)