|SB 0439||Revises inclusion of part of debt service and capital projects levies in school operating levy|
|LR Number:||S1845.01I||Fiscal Note:||1845-01|
|Last Action:||03/03/99 - Hearing Conducted S Education Committee||Journal page:|
|Effective Date:||August 28, 1999|
SB 439 - Current law allows certain school districts to include a portion of the current and future levies for capital projects and debt service as part of the operating levy used to determine state aid. The current limitation excludes districts which are making payments on lease purchases or are making any transfers pursuant to subsection 4 of section 165.011, RSMo, which includes: the "24 cents" times the GTB transfer, transfers for area vocational/technical expenditures and transfers for transportation equipment expenditures.
Under this act, only districts making transfers under the "24 cents" times the GTB provision in Subsection 4 of Section 165.011, RSMo, shall be excluded from including a portion of capital projects and debt service levies as part of the operating levy used to determine state aid. Eligible districts may include a total of up to 10 cents of the existing capital projects and debt service levies and up to an additional 8 cents of such levies approved after August 28, 1998. Similar provisions were enacted in both Section 163.015, RSMo, and in the contingent version of Section 163.011 contained in SB 781 from 1998. The bill repeals Section 163.015, RSMo, and revises Section 163.011.
Similar provisions are included in the perfected version of
SS/SCS/SBs 347 et al.