Modifying certain education facilities funding provisions; changing the debt service equalization program to the facilities equalization program, modifying and expanding eligible school district revenue under the program, reducing the debt service threshold, modifying the aid payment schedule and specifying a debt service payment priority and changing levy authority to revenue; changing the alternative facilities bonding and levy program to the alternative facilities revenue program and expanding eligibility under the program; requiring the transfer of excess lease funds to the debt redemption fund; increasing the total operating capital revenue formula; authorizing increases in equalized facilities revenue for certain building or land lease purposes; repealing the cooperative secondary facilities and school building accessibility capital improvement grant acts, health and safety levy and aid provisions, the handicapped and fire safety improvements levy, the building construction down payment (downpayment) program, historic building revenue, levy and aid and cooperation and combination capital facilities grants(mk)