COMMITTEE ON EDUCATION
SENATE AMENDMENTS TO H.B. 2562
(Reference to House engrossed bill)
Page 1, strike likes 2 through 45
Strike pages 2 through 11
Page 12, strike lines 1 through 6
Renumber to conform
Strike lines 16 through 45
Page 13, strike lines 1 through 17, insert:
“B. A common school district or high school district which has an outstanding bonded indebtedness of seven per cent ten percent of the current year's assessed valuation or less or a unified school district which has an outstanding bonded indebtedness of fourteen per cent twenty percent of the current year's assessed valuation or less may expend the proceeds from the sale or lease of school property for maintenance and operation or capital outlay, subject to the following limitations:
1. The total sum of the proceeds from the sale of school property before July 1, 1998 or the lease of school property for more than one year expended for maintenance and operation shall not exceed fifteen per cent percent of the revenue control limit as provided in section 15‑947, subsection A in any year of which ten per cent percent may be used without voter approval and an additional five per cent percent may be used if the additional amount is approved by a majority of the qualified electors voting in an election called for such purposes. The election shall be conducted and notice and ballots shall be prepared as provided in section 15‑481. Proceeds from the sale of school property from and after June 30, 1998 shall not be expended for maintenance and operation.
2. In any fiscal year in which a district utilizes budget increases as authorized in section 15‑481, subsection E or F or section 15‑482 or utilizes the proceeds from the sale of school property before July 1, 1998 or the lease of school property for more than one year for maintenance and operation or any combination of these provisions, the total amount of these increases which may be expended is equal to fifteen per cent percent of the revenue control limit for that year as provided in section 15‑947, subsection A, provided that the following maximum amount is attributable to the use of any one provision:
(a) Fifteen per cent percent of the revenue control limit when using the proceeds from the sale before July 1, 1998 or lease of school property for maintenance and operation as provided in this section.
(b) Fifteen per cent percent of the revenue control limit when using a budget increase as provided in section 15‑481, subsection E or F, or both.
(c) Five per cent percent of the revenue control limit when using a budget increase as provided in section 15‑482.
C. A common school district or high school district which has an outstanding bonded indebtedness of greater than seven per cent ten percent of the current year's assessed valuation or a unified school district which has an outstanding bonded indebtedness of greater than fourteen per cent twenty percent of the current year's assessed valuation may expend the proceeds from the lease or sale of school property as follows:
1. For maintenance and operation, the expenditure may not exceed the lesser of the limit in subsection B, paragraph 1 or 2 of this section or the amount of the proceeds from the lease of school property multiplied by .25.
2. For capital outlay, the expenditure of the proceeds:
(a) From the sale of school property may not exceed the amount of the proceeds multiplied by .62.
(b) From the lease of school property is not limited.”
Reletter to conform
Page 13, line 21, strike "three
A" and insert "three"
Line 22, after "plant" strike remainder of line
Strike lines 23 through 26
Line 27, strike "school plant
fund of the respective school district FUND" insert "funds, one fund for monies
received from the sale before July 1, 1998 or lease of school property for more
than one year, one fund for monies received from the sale of school property
from and after June 30, 1998 and one fund for monies received from the lease of
school property for one year or less. The county treasurer shall
credit the deposits to the respective school plant fund of the respective
school district"
Page 13, line 28, strike "funds FUND" insert
"funds"
Line 29, strike "funds are FUND IS A" insert
"funds are"; strike "funds FUND" insert "funds"
Strike lines 31 through 45 insert:
“E. Notwithstanding subsection C of this section, the governing board, or the superintendent or chief administrative officer with the approval of the governing board, may expend the proceeds from the sale before July 1, 1998 or lease of school property for the additional maintenance and operations expenses incurred as the result of operating on a year‑round school year operation basis pursuant to section 15‑855. The amount that the governing board, superintendent or chief administrative officer may expend for a year‑round school year operation, as provided in this subsection, is limited to the actual maintenance and operations costs incurred as the result of the year‑round school year operation as documented in the school district's budget as provided in section 15‑855. A governing board, superintendent or chief administrative officer that utilizes this subsection is subject to all other limitations prescribed in this section regarding the expenditure of proceeds from the sale before July 1, 1998 or lease of school property.”
Reletter to conform
Amend title to conform