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90_HB2844sam009
SRS90HB2844KSawam08
1 AMENDMENT TO HOUSE BILL 2844
2 AMENDMENT NO. . Amend House Bill 2844, AS AMENDED,
3 with reference to the page and line numbers of Senate
4 Amendment No. 1, on page 3, by replacing line 34 with:
5 "may issue bonds for this purpose;or.
6 (5) Notwithstanding the provisions of paragraphs (1)
7 through (3) of this subsection (b), if (i) the school
8 district has previously availed itself of the provisions of
9 paragraph (4) of this subsection (b) to enable it to issue
10 bonds, (ii) the voters of the school district have not
11 defeated a proposition for the issuance of bonds since the
12 referendum described in paragraph (4) of this subsection (b)
13 was held, (iii) the school board determines that additional
14 facilities are needed to provide a quality educational
15 program, and (iv) a majority of those voting in an election
16 called by the school board on the question approve the
17 issuance of bonds for the construction of such facilities,
18 the school district may issue bonds for this purpose."; and
19 on page 12, by adding after line 18 the following:
20 "(l) Notwithstanding any other provisions of this
21 Section or the provisions of any other law, until January 1,
22 2000, a school district maintaining grades kindergarten
23 through 8 may issue bonds up to an amount, including existing
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1 indebtedness, not exceeding 15% of the equalized assessed
2 value of the taxable property in the district if all of the
3 following conditions are met:
4 (i) the district has an equalized assessed
5 valuation for calendar year 1996 of less than
6 $10,000,000;
7 (ii) the bonds are issued for capital improvement,
8 renovation, rehabilitation, or replacement of one or more
9 school buildings of the district, which buildings were
10 originally constructed not less than 70 years ago;
11 (iii) the voters of the district approve a
12 proposition for the issuance of the bonds at a referendum
13 held on or after March 17, 1998; and
14 (iv) the bonds are issued pursuant to Sections 19-2
15 through 19-7 of this Code.
16 (m) Notwithstanding any other provisions of this Section
17 or the provisions of any other law, until January 1, 1999, an
18 elementary school district maintaining grades K through 8 may
19 issue bonds up to an amount, excluding existing indebtedness,
20 not exceeding 18% of the equalized assessed value of the
21 taxable property in the district, if all of the following
22 conditions are met:
23 (i) The school district has an equalized assessed
24 valuation for calendar year 1995 or less than $7,700,000;
25 (ii) The school district operates 2 elementary
26 attendance centers that until 1976 were operated as the
27 attendance centers of 2 separate and distinct school
28 districts;
29 (iii) The bonds are issued for the construction of
30 a new elementary school building to replace an existing
31 multi-level elementary school building of the school
32 district that is not handicapped accessible at all levels
33 and parts of which were constructed more than 75 years
34 ago;
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1 (iv) The voters of the school district approve a
2 proposition for the issuance of the bonds at a referendum
3 held after July 1, 1998; and
4 (v) The bonds are issued pursuant to Sections 19-2
5 through 19-7 of this Code.".