An Act to revise certain provisions regarding the dates on which certain school district elections may be held.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That 13-16-6.3 be AMENDED:
13-16-6.3. Hearing on installment purchase, lease purchase or capital outlay certificates--Approval or reference to voters.
Any
proposed installment
purchase contract, lease-purchase, or issue
of capital outlay certificates authorized pursuant to 13-16-6
or 13-16-6.2
which will obligate the school district for future payments on the
principal, the total of which will exceed one and one-half percent of
the taxable valuation of taxable property within the district, may
not be entered
into, or certificates issued,
unless prior thereto the school board conducts a public hearing
thereon after having given notice by publication at least twice in
its official newspaper at least ten days before the hearing. Upon the
hearing the board may approve the action or may refer the matter to
the voters of the district.
Section 2. That 13-16-6.4 be AMENDED:
13-16-6.4. Installment purchase--Capital outlay certificates--Referendum petition and election--Date of election.
Approval
to enter into an agreement or issue capital outlay certificates to
which 13-16-6.3
applies is subject to a referendum if five percent of the registered
voters, based upon the total number of registered voters at the last
preceding general election, petition, within twenty days thereafter,
to have the question of approval or disapproval of the agreement or
issue of capital outlay certificates or the lease-purchase agreement
placed upon the ballot at the next regular election or at a special
election called for that purpose. The
business manager shall give notice of the fact that the question will
be on the ballot at a regular
or special
election
to be held on the date of the primary election, as provided for under
12-2-1,
or on the date of the general election,
as provided by
law for school elections and
for under 12-2-2.
The special election may also be held on the first Tuesday following
the first Monday in June or on the first Tuesday following the first
Monday in November in odd-numbered years. The business manager shall
prepare
official ballots therefor according to the provisions of this title
relating to elections and the issue shall be decided by sixty percent
of those voting thereon.