School districts must now hold a voter election before issuing capital outlay certificates, lease-purchase contracts, or installment purchase contracts that will obligate the district for future payments exceeding 1.5% of the district's taxable property value. Previously, school boards could approve these financial commitments after only a public hearing; this bill adds a requirement that voters must approve them through an election.
The amendment **broadens** the bill to require voter approval not just for capital outlay certificates, but also for lease-purchase and installment purchase contracts, and adds a new automatic voter approval requirement for any such agreements exceeding ten years in maturity. The change shifts from a threshold based on a fixed dollar amount ("fifty thousand dollars") to one based on the percentage of taxable district valuation (one and one-half percent), making the election requirement more scalable to district size.
Senate Do Pass Amended Failed, YEAS 16, NAYS 18. S.J. 362
Education Do Pass Amended Passed, YEAS 4, NAYS 3.
Education Motion to amend
Education Scheduled for hearing
First read in Senate and referred to Senate Education S.J. 179
Prime sponsor · Sen.
R
Do Pass Amended
Education — Do Pass Amended