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 expands the election requirement to include lease-purchase and installment purchase contracts, and mandates voter approval for certificates with maturity exceeding ten years, replacing the previous fifty-thousand-dollar threshold.
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