The bill amends provisions related to a school district's ability to impose an excess tax levy and enter into agreements or issue capital outlay certificates. It specifies that the governing body of a school district must obtain an affirmative two-thirds 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 the necessity for publication in a legal newspaper and specific formatting for the announcement. The announcement must also inform taxpayers of their right to refer the decision to a vote, which must occur by a specified deadline.

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 the 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 follows the established legal framework. Overall, the amendments aim 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