| 1 | Representative Wood offered the following: |
| 2 |
|
| 3 | Amendment |
| 4 | Remove lines 95-105 and insert: |
| 5 | arm's-length transaction, which includes any benefit that the |
| 6 | public would receive in connection with the sale or lease. |
| 7 | (5) A determination by a governing board to accept a |
| 8 | proposal for sale or lease shall state, in writing, the findings |
| 9 | and basis supporting the determination. |
| 10 | (a) The board shall develop findings and bases to support |
| 11 | the determination of a balanced consideration of factors |
| 12 | including, but not limited to, the following: |
| 13 | 1. Whether the proposal represents fair market value, |
| 14 | which includes an explanation of why the public interest is |
| 15 | served by the proposed transaction. |