AMENDMENT FOR PRINTED BILL
1207fh
___________________ moved that HB 1207 be amended as follows:
On page 10, after line 18 of the printed bill, insert:
" Section 14. 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 percent of the contract amount. In addition, a school district
which reimburses for mileage instead of providing transportation pursuant to § 13-30-3, may use the
capital outlay fund to pay for fifteen percent of its mileage reimbursement costs.
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.
During the period of time beginning on July 1, 2009, and ending on June 30, 2018 2015, any
school district may make payments from its capital outlay fund for the purchase of property
insurance and casualty insurance, for payments for energy costs and the cost of utilities, and for
motor fuel or for any portion of a contract providing transportation to students or for any mileage
reimbursements. However, the total amount that a school district expends from its capital outlay fund
for these expenses may not exceed forty-five percent, beginning on July 1, 2016, these expenses may
not exceed thirty percent, and beginning on July 1, 2017, and each year thereafter, these expenses
may not exceed twenty percent of the total tax revenues deposited in that fund during the current
school fiscal year, and for any school district with a current tax levy for the capital outlay fund that
is greater than its tax levy for the capital outlay fund in school fiscal year 2008, the total amount
expended from the capital outlay fund for these expenses may not exceed forty-five percent,
beginning on July 1, 2016, and these expenses may not exceed thirty percent, and beginning on
July 1, 2017, and each year thereafter, these expenses may not exceed twenty percent of the total tax
revenues that would have been deposited in that fund during the current school fiscal year if the tax
levy for the capital outlay fund had not been increased since 2008. ".