AMENDMENT FOR PRINTED BILL
1083fa

___________________ moved that HB 1083 be amended as follows:

     On the printed bill, delete everything after the enacting clause and insert:

"
     Section 1. The board of county commissioners may at its discretion authorize, by resolution, an annual levy of a tax not to exceed fifty cents per thousand dollars of taxable valuation on the taxable valuation of the county for the capital outlay fund for the purposes as defined by § 7-21-51. The governing body of the county shall specify in the resolution the year or number of years the capital outlay levy will be applied

     Section 2. That chapter 10-13 be amended by adding thereto a NEW SECTION to read as follows:

     The governing body of the county may, by resolution, impose the levy provided in section 1 of this Act with an affirmative two-thirds vote of the governing body on or before July fifteenth. The decision of the governing body to impose the levy shall be published within ten days of the decision as follows:

             (1)      Publication shall be made at least twice in the legal newspaper designated by the governing body pursuant to law, with no fewer than five days between publication dates, before the tax imposition takes effect;
             (2)      The announcement shall be at least three newspaper columns in width and four inches in length or at least one-sixth of a page in size, whichever size is greater;
             (3)      The announcement shall be headed with the following statement in a typeface no less than eighteen point type: "ATTENTION TAXPAYERS: NOTICE OF PROPERTY TAX IMPOSED OF $(fill in amount)." The remainder of the announcement shall consist of a reproduction of the resolution including the amount that property taxes will be imposed and a statement of the right to refer the decision of the board to a vote of the people as provided in this section. The secretary of revenue and regulation, in rules promulgated pursuant to chapter 1-26, shall prescribe a uniform form to be used by the county for notification of taxpayers as required by this section.

     However, the requirements of subdivisions (2) and (3) is waived if the property tax imposed is for less than fifty thousand dollars.

     The governing body's decision may be referred to a vote of the people upon a resolution of the governing body of the county by a petition signed by at least five percent of the registered voters in the county and filed with the respective governing body within twenty days of the first publication of the decision. The referendum election shall be held on or before October first preceding the year the taxes are payable.

     Section 3. That § 7-21-51 be amended to read as follows:

     7-21-51.   A board of county commissioners may, by resolution, authorize the accumulation of funds for a period longer than one year for any capital outlay purposes which are purpose which is otherwise authorized by law. For the purpose of the this section, " the term, capital outlay purposes" are those purposes which are purpose, includes any purpose which is extraordinary in nature, exceeding exceeds the funding ability of a single-budget year , and which may result in the purchase of services, materials, supplies, or equipment. The resolution shall be is enacted if approved by a vote of sixty percent of the governing body and shall clearly set forth the purposes for which the funds are to be accumulated and the maximum amount that may be accumulated. The funds to be accumulated shall be expended within sixty months from the date of the resolution. If the specific purpose for which such funds are accumulated is no longer necessary, such funds shall revert to the fund from which they were originally appropriated. The amount of accumulation for a specific purpose may never exceed five hundred thousand dollars. These funds shall be in addition to those authorized by § 7-21-18.1."