Capital Outlay

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Capital Outlay

CO option for schools to fund tech institutes tabled

At the request of the prime sponsor, Senate Education committee members tabled House Bill 1218.   Rep. Mark Mickelson asked committee members to table the bill, which would have allowed any school district to designate up to $0.25 of their capital outlay levy to fund a post-secondary technical institute.   HB 1218 previously passed the …

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Update to CO program passes committee

Senate Bill 191, which revises certain provisions in a program for capital outlay certificates and lease purchase agreements of school districts, cleared another legislative hurdle this morning.   House State Affairs committee members unanimously passed the bill, which would designate the South Dakota Health and Educational Facilities Authority Intercept Program as the debtor for capital outlay bonds …

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Lockdown bill lacks support, Fund Balance bill finds it in House

It had been smooth sailing for Senate Bill 89 until it was sunk in the House chamber on Tuesday (3/3).   SB 89, which would require school districts to develop safety plans and conduct lockdown drills, was defeated on 37-30 vote by Representatives; in three previous votes the bill had no “Nays” cast.   “We don’t …

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New cap outlay option passes House

House members voted overwhelmingly to support House Bill 1218, which would allow any school district to designate up to $0.25 of their capital outlay levy to fund a post-secondary technical institute. The maximum level of $3 per $1,000 of valuation for the levy could not be exceeded by districts utilizing the new provision.   HB …

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Committee concurs on two key K-12 bills

Senate Education committee members sent two bills related to K-12 to the floor with do pass recommendations on Tuesday (2/24).   A bill requiring school districts to report their month-end cash balances in the fiscal year for the general, capital outlay, pension and special education funds was unanimously passed by committee members. The bill was amended to …

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New choice intro’d for schools to use CO fund dollars

Capital outlay continues to be at the center of legislative conversation.   House State Affairs committee members voted to support a hoghouse amendment to House Bill 1218, which would allow any school district to designate up to $0.25 of their capital outlay levy to fund a post-secondary technical institute. The maximum level of $3 per …

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Committee critical of cap outlay compromise

Three sessions over a three-day span resulted in a three vote difference on a bill adjusting capital outlay.   On a 9-6 vote, members of the House Taxation committee sent House Bill 1207, which would have limited revenue collection of the school district capital outlay fund, implemented opt-out procedures for the fund and added $72 …

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Cap outlay bond/certificate program passes Senate

A third bill related to capital outlay had its time on the legislative stage this week.   Senators voted 31-1 to pass Senate Bill 191, which revises certain provisions in a program for capital outlay certificates and lease purchase agreements of school districts. Senate State Affairs committee members voted unanimously to pass the bill earlier in the week. …

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First hearing held for capital outlay adjustment

The first look at legislation adjusting the capital outlay fund of school districts was had on Tuesday (2/17).   Rep. Justin Cronin introduced House Bill 1207, which would limit revenue collection of the school district capital outlay fund, implements opt-out procedures for the fund and adds $72 per-student to state aid, to the House Taxation …

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