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ID H0621

Bill

Official Source

Status

Passed

3/26/2014

Primary Sponsor

Education Committee

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • School subdistricts may incur debt and issue bonds for acquiring, purchasing or improving school sites, constructing new schoolhouses, remodeling buildings, and acquiring furnishings and equipment
  • Governing body of a school subdistrict must submit bond issuance questions to qualified electors, with elections conducted per Title 34, Idaho Code
  • Bond issuance requires approval by the percentage of votes set by Idaho state constitution
  • No bonds may be issued if aggregate outstanding indebtedness of the school subdistrict plus the parent school district would exceed 5% of taxable property market value for assessment purposes
  • Bonds must be issued within 2 years of election approval and are authorized under sections 33-1107 through 33-1121, Idaho Code

Legislative Description

Amends existing law to revise provisions relating to the authority of school subdistricts to incur debt and issue bonds.

EDUCATION

Last Action

Reported Signed by Governor on March 26, 2014 Session Law Chapter 260 Effective: 07/01/2014

3/26/2014

Committee Referrals

Education3/14/2014
Education3/11/2014

Full Bill Text

No bill text available