S.F. No. 4284 Summary

• Extends the maximum payable period for school district capital notes and certificates of indebtedness from 10 years to 20 years for purchasing equipment and prepaying special assessments.

• Extends the maximum payable period for town certificates of indebtedness from 10 years to 20 years, with a 20-year limit for notes issued for R-22 refrigerant elimination projects.

• Extends the maximum payable period for county capital notes from 10 years to 20 years for purchasing capital equipment, with a 20-year limit for R-22 elimination projects.

• Extends the maximum payable period for city capital notes from 10 years to 20 years for both home rule charter cities and statutory cities, with a 20-year limit for R-22 elimination projects.

• All modified provisions require tax levies for principal and interest payments, similar to bond requirements, and apply to public safety, medical, road equipment, and computer hardware and software purchases.