SB 169 – Requires certain financial information to be included in a school district's bond filing and included on the ballot when voters authorize a school district bond issuance

• Sponsor: Chappelle-Nadal
• LR Number: 0715S.01I
• Committee: Education
• Last Action: 2/6/2013 - Hearing Conducted S Education Committee
• Effective Date: Emergency clause

Current Bill Summary

SB 169 – When a school district issues bonds, the bond filing must contain the following information: the amount of debt held by the school district, including bonded indebtedness; the district's current tax levy; the district's current bond credit rating; and the annual cost of maintaining any vacant or unused buildings owned by the district. The ballot on which voters will vote to issue bonds must also contain this information.

This act contains an emergency clause.

This act is identical to provisions contained in HCS/SB 18 (2013).

MICHAEL RUFF