| SB 0502 | Allows a portion of debt service and capital projects levies to generate state school aid & apply toward minimum levy |
| Sponsor: | Johnson | |||
| LR Number: | S2536.01I | Fiscal Note: | 2536-01 | |
| Committee: | Education | |||
| Last Action: | 02/12/98 - SCS Voted Do Pass S Education Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1998 | |||
SCS/SB 502 - This act allows a portion of a school district's debt service and capital projects levies to be included in the operating levy, generate state aid and apply toward the minimum operating levy.
The district operating levy is redefined to allow districts making no lease purchase payments or transfers under Section 165.011, RSMo, to include up to eighteen cents of the debt service or capital projects fund levies as part of the operating levy and generate additional state school aid.
The minimum levy for 1998 and thereafter shall include no more than ten cents of the debt service or capital projects levies included in the operating levy under this act.
Similar provisions were included in SB 388 from 1997.
OTTO FAJEN