___________________ moved that SB 102 be amended as follows:
"
Section
1.
That
§
13-16-6
be amended to read as follows:
13-16-6.
The capital outlay fund of the school district is a fund provided by law to meet
expenditures which result in the acquisition or lease of or additions to real property, plant, or
equipment. Such an expenditure shall be for land, existing facilities, improvement of grounds,
construction of facilities, additions to facilities, remodeling of facilities, or for the purchase or lease
of equipment. It may also be used for installment or lease-purchase payments for the purchase of real
property, plant, or equipment, which have a contracted terminal date not exceeding twenty years
from the date of the installment contract or lease-purchase and for the payment of the principal of
and interest on capital outlay certificates issued pursuant to § 13-16-6.2.