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 provide clear announcements regarding any proposed excess tax levy, including the duration for which the levy will be applied and the amount of the proposed tax increase. The announcement must be published in a designated legal newspaper and must meet specific size and formatting requirements. Additionally, the bill mandates that the decision to impose an excess tax levy must be referred to a vote of the people, requiring an affirmative majority for approval.

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. The business manager is responsible for notifying the public about the ballot question and ensuring that official ballots are prepared according to election laws. The required approval threshold for these measures is set at sixty percent of those voting on the issue. Overall, the bill aims to enhance transparency and accountability in school district financial decisions.

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