Gov. gets look at cap outlay obligations bill
The governor will get a look at a bill adjusting capital outlay caps.
Senators passed House Bill 1297, which revises certain provisions regarding capital outlay obligations, on a 33-1 vote.
HB 1297 permit districts to raise their C/O levy to a level necessary to cover their capital outlay obligations and allows them to utilize the $2,800 per-student alternative cap.
Sen. Brock Greenfield told his fellow Senators the cap added as part of the 2016 funding formula overhaul “puts (school districts) in a difficult position to pay capital outlay debt” but the leeway provided in the bill allows to districts “to meet your obligations.”
House members concurred with the amendments made to HB 1297 on a 67-0 vote.
ASBSD supports the bill as it heads to Gov. Dennis Daugaard for review and signature.
For updates on legislative session and other education issues, check the ASBSD Blog, Bill Tracker page, Twitter feed and Facebook page.
- Posted by asbsd
- 0 Comments