AMENDMENT FOR PRINTED BILL
102ca

___________________ moved that SB 102 be amended as follows:

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

"
     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.

     Any purchase of one thousand dollars or less may be paid out of the general fund. The total accumulated unpaid principal balances of such installment contracts and lease-purchase and the outstanding principal amounts of such capital outlay certificates may not exceed three percent of the taxable valuation. The school district shall provide a sufficient levy each year under the provisions of § 13-16-7 to meet the annual installment contract, lease-purchase, and capital outlay certificate payments, including interest.
     A school district which contracts its student transportation may expend from the capital outlay fund an amount not to exceed fifteen thirty percent of the contract amount.
     The capital outlay fund may be used to purchase textbooks and instructional software.
     The capital outlay fund may be used to purchase warranties on capital assets if the warranties do not include supplies."