Loading chat...
ID H0035
Bill
AI Summary
-
Cooperative service agencies may request member school districts to levy property taxes not exceeding 0.4% of market value for up to 3 years to construct and maintain facilities.
-
Tax levy elections require approval from member district electors with thresholds ranging from 55% to two-thirds depending on total levy amounts relative to market value.
-
Facilities must be financed entirely from property taxes collected over the authorized levy period and paid out during construction, with no debt allowed.
-
Cooperative service agencies may request increases to the number of years or levy amount during an approved period, but cannot exceed maximum authorized limits.
-
Member districts that initially reject the levy may conduct subsequent elections to authorize participation in facility construction.
Legislative Description
Amends existing law relating to cooperative service agencies to provide that certain facilities constructed shall be financed from property taxes and to provide that no debt shall be incurred in the construction of such facilities.
COOPERATIVE SERVICE AGENCIES
Last Action
to Rev/Tax
1/26/2011