HB 898 -- Public School Capital Projects

Co-Sponsors:  Bartle, Kelley (47), Cierpiot

This bill permits transfers of moneys by school districts from
their incidental fund to the capital projects fund under certain
conditions.  A district must (1)  be at no less than 80% of its
bonded indebtedness limit, (2)  have an increase in its average
daily attendance of at least 3% over the 3 preceding years, (3)
be in compliance with certificated salary ratios (165.016
RSMo.), and (4)  maintain a balance of operational funds of no
greater than 15% of expenditures from those funds and an
operating levy of no less than the tax rate ceiling or $2.75.
Such districts may transfer 12% of the adjusted operating levy
times the guaranteed tax base times eligible pupils and
allowable transportation costs and amounts necessary for capital
projects obligations of the area vo-tech school minus certain
other amounts.  The current permitted transfers of 18 and 6
cents would become 33 cents at a $2.75 levy.