SB 1375 — schools; bonds; overrides; funding sources

SB1375 - 531R - IS Ver       REFERENCESenate TITLE:Engrossed       State of Arizona Senate Fifty-third Legislature First Regular Session     SENATE BILL 1375       AN ACT   AMENDING sections 15‑481 and 15‑491, Arizona Revised Statutes;

schools;

bonds;

overrides;

funding sources       State of Arizona Senate Fifty-third Legislature First Regular Session     SB 1375   Introduced by Senators Montenegro:

Barto, Burges, Farnsworth D, Petersen, Smith;

Representative Mitchell     AN ACT   AMENDING sections 15‑481 and 15‑491, Arizona Revised Statutes;

The ___________ school district received a total of $__________ per pupil in revenues from all funding sources (federal, state and local) for all capital and noncapital expenditures for fiscal year 20__-20__, as reported in VOLUME ii OF the superintendent of public instruction's annual reportreport, OR THE SUCCESSOR DOCUMENT, for fiscal year 20__-20__, which is the most recent available version of that annual report.

14.  Any additional per pupil revenue or per pupil expenditure INFORMATION the GOVERNING board chooses to provide.

K.  The maximum budget increase that may be requested and authorized as provided in subsection I or J of this section, or a combination of both of these subsections, is five per cent percent of the revenue control limit as provided in section 15‑947, subsection A for the budget year.  For a common school district not within a high school district or a common school district within a high school district that offers instruction in high school subjects as provided in section 15‑447, five per cent percent of the revenue control limit means five per cent percent of the revenue control limit attributable to the weighted student count in preschool programs for children with disabilities, kindergarten programs and grades one through eight as provided in section 15‑971, subsection B. B.  For For a unified school district, five per cent percent of the revenue control limit means five per cent percent of the revenue control limit attributable to the weighted student count in preschool programs for children with disabilities, kindergarten programs and grades one through twelve.  For a union high school district, five per cent percent of the revenue control limit means five per cent percent of the revenue control limit attributable to the weighted student count in grades nine through twelve.

3.  To decide whether the bonds of the school district shall be issued and sold for the purpose of raising money for purchasing or leasing school lots, for building or renovating school buildings, for supplying school buildings with furniture, equipment and technology, for improving school grounds, for purchasing pupil transportation vehicles or for liquidating any indebtedness already incurred for such purposes. purposes.  Bonds Bonds issued for furniture, equipment and technology, other than fixtures, shall mature no later than the July 1 that follows the fifth year after the bonds were issued.  A school district shall not issue class B bonds until the school district has obligated in contract the entire proceeds of any class A bonds issued by the school district.  The total amount of class A and class B bonds issued by a school district shall not exceed the debt limitations prescribed in article IX, sections 8 and 8.1, Constitution of Arizona.

4.  To lease for ten or more years, as lessor or as lessee, school buildings or grounds.  Approval by a majority of the school district electors voting authorizes the governing board to negotiate for and enter into a lease.  The ballot shall list the school buildings or grounds for which a lease is sought. sought.  If If the governing board does not enter into a lease of ten or more years of the school buildings or grounds listed on the ballot within ten years of the date of the election and the board continues to seek such a lease, the governing board shall call a special election to reauthorize the board to negotiate for and to enter into a lease of ten or more years.

The ___________ school district received a total of $__________ per pupil in revenues from all funding sources (federal, state and local) for all capital and noncapital expenditures for fiscal year 20__-20__, as reported in VOLUME ii OF the superintendent of public instruction's annual reportreport, or the successor document, for fiscal year 20__-20__, which is the most recent available version of that annual report.

(e)  Any additional per pupil revenue or per pupil expenditure INFORMATION the GOVERNING board chooses to provide.

L.  If an election is held to change the purpose or list of capital projects authorized by prior voter approval to issue bonds pursuant to subsection A, paragraph 5 of this section, the following requirements apply: