Last Action | 04/09/24: signed by Governor |
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Title | AN ACT relating to school district buildings. |
Bill Documents |
Current/Final
Introduced |
Bill Request Number | 2115 |
Sponsor | M. Meredith |
Summary of Original Version | Create a new section of KRS Chapter 162 to allow school districts to issue general obligation bonds and obtain bank loans; amend KRS 160.160 require the approval of the Department of Education prior to a school district obtaining a bank loan or issuing general obligation bonds; require general obligation bonds to be entered into through advertising or competitive bidding; provide for the department to intercept funds for a payment due on a general obligation bond; make conforming amendments. |
Index Headings of Original Version |
Education, Elementary and Secondary - School districts, general obligation bonds, issuance Education, Finance - School districts, general obligation bonds, issuance State Agencies - Department of Education, general obligation bonds, interception of funds Bonds, Public - School districts, general obligation, issuance |
Jump to Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 House Floor Amendment 2 House Floor Amendment 3 |
Votes | Vote History |
02/26/24 |
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03/05/24 |
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03/06/24 |
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03/07/24 |
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03/11/24 |
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03/12/24 |
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03/13/24 |
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03/21/24 |
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03/26/24 |
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03/27/24 |
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03/28/24 |
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04/09/24 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions; remove bank loan language throughout; amend KRS 66.011 to remove the exclusion of school districts from the definition of taxing district. |
Index Headings |
Education, Finance - School districts, general obligation bonds, issuance Special Districts - School districts, general obligation bonds, issuance |
Amendment | House Floor Amendment 1 |
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Sponsor | R. Duvall |
Summary | Amend to add language to suspend the requirement for prior approval for a local board to commence the funding, financing, design, construction, renovation, or modification of district facilities until June 30, 2027; require a local board to continue to submit BG-1 Project Application forms; ensure the Department of Education shall continue to have authority to intercede on bond payments; until June 30, 2027, provide for an expedited process for approval of district facility plans and the acquisition and disposal or property; require the department to provide assistance to districts upon request concerning facilities and properties procedures; ensure current applications are governed by the sections; include extracurricular facilities as facilities covered by the Act; declare that nothing in specified sections waive prior approval of ESSER funds or other federal funds for which federal law requires state authorization. |
Index Headings |
Education, Elementary and Secondary - School facilities construction, prior approval Education, Elementary and Secondary - School property purchase and disposal, prior approval Education, Finance - School facilities construction, prior approval Education, Finance - School property purchase and disposal, prior approval Housing, Building, and Construction - School facilities construction, prior approval Housing, Building, and Construction - School property purchase and disposal, prior approval Property - School property purchase and disposal, prior approval Public Buildings and Grounds - School facilities construction, prior approval Public Buildings and Grounds - School property purchase and disposal, prior approval Real Estate - School property purchase and disposal, prior approval State Agencies - Kentucky Department of Education, school facilities and property procedures Capital Construction - School facilities construction, prior approval, suspend Boards and Commissions - Kentucky Board of Education, facilities and properties regulations, modification Sunset Legislation - Modified school facilities and property procedures, June 30, 2027 |
Amendment | House Floor Amendment 2 |
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Sponsor | M. Meredith |
Summary | Amend to authorize the general issuance of bonds, provide for the issuance of bonds through KRS Chapter 66, and make technical changes. |
Index Headings |
Technical Corrections - Technical Correcrtions Education, Elementary and Secondary - School districts, general obligation bonds, issuance Education, Finance - School districts, general obligation bonds, issuance |
Amendment | House Floor Amendment 3 |
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Sponsor | M. Meredith |
Summary | Amend to authorize the general issuance of bonds, provide for the issuance of bonds through KRS Chapter 66, remove a requirement that the bond issue be approved by the Kentucky Department of Education, and make technical changes. |
Index Headings |
Education, Elementary and Secondary - School districts, general obligation bonds, issuance Education, Finance - School districts, general obligation bonds, issuance State Agencies - Kentucky Department of Education, school district general obligation bonds, approval Technical Corrections - Technical Corrections |
Last updated: 4/22/2024 3:57 PM (EDT)