___________________ moved that HB 1083 be amended as follows:
"
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:
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."