HB 16-1354 Summary

• Authorizes school districts to impose an additional mill levy for ongoing cash funding of capital construction, new technology upgrades, and maintenance needs without borrowing money.

• Creates a new "Supplemental Capital Construction, Technology, and Maintenance Fund" in each school district to receive and expend revenues from the additional mill levy.

• Requires charter schools seeking capital funding through the additional mill levy to submit a capital construction plan to their chartering district board of education detailing project necessity, scope, costs, and funding sources.

• Allows districts to submit the mill levy question to voters at an election, with voter approval triggering an annual levy deposited directly into the supplemental fund rather than for debt repayment.

• Defines "capital construction" using existing state law definition and declares the act necessary for immediate preservation of public peace, health, and safety.