FL S0980

Expands purposes for school capital outlay surtax revenues to include maintenance, renovation, and repair of existing school facilities, and maintenance or upgrading of capital technology equipment and infrastructure.

Requires school boards using surtax revenues for the new maintenance and technology purposes to covenant to decrease the capital local school property tax levied under s. 1011.71(2) and maintain that reduced tax rate for as long as the surtax is in effect.

Requires school districts that levied the surtax before July 1, 2012 to obtain voter approval in a referendum before using surtax revenues for the additional purposes authorized by this act.

Allows the surtax rate to remain at a maximum of 0.5 percent and continues to permit use of revenues for bond indebtedness servicing related to authorized projects.

Takes effect July 1, 2012.