The bill amends existing provisions related to school districts' ability to impose excess tax levies and enter into agreements or issue capital outlay certificates. It specifies that the governing body of a school district must obtain a two-thirds affirmative vote to impose an excess tax levy, and they are required to clearly state the duration of the levy in their resolution. Additionally, the bill outlines the requirements for public announcements regarding the tax levy, including publication timelines, size specifications, and the necessity of informing taxpayers about their right to refer the decision to a vote. The announcement must also include a statement regarding the proposed property tax increase and the amount of the increase.

Furthermore, the bill modifies the process for school districts to enter into agreements or issue capital outlay certificates. It stipulates that such actions can only proceed if approved by voters at a regular or special election, rather than being subject to a petition process as previously outlined. The business manager is tasked with notifying the public about the ballot question and ensuring that the election is conducted according to established laws, with a requirement that approval must come from at least sixty percent of those voting on the matter.

Statutes affected:
Introduced, 02/05/2025: 10-12-43, 13-16-6.4
Senate Education Engrossed, 02/13/2025: 10-12-43, 13-16-6.4
Senate Engrossed, 02/20/2025: 10-12-43, 13-16-6.4