___________________ moved that HB 1297 be amended as follows:
" Section 3. That § 13-16-6.3 be amended to read:
13-16-6.3. Any proposed installment purchase contract, lease-purchase, or issue of capital outlay
certificates authorized pursuant to § 13-16-6 or 13-16-6.2 which will obligate the school district for
future payments on the principal, the total of which will exceed one and one-half percent of the
taxable valuation of taxable property within the district, may not be entered into, or certificates
issued, unless prior thereto the school board conducts a public hearing thereon after having given
notice by publication at least twice in its official newspaper at least ten days before the hearing. Upon
the hearing the board may approve the action or may refer the matter to the voters of the district. ".