AMENDMENT FOR PRINTED BILL
91cb
___________________ moved that SB 91 be amended as follows:
On the printed bill, delete everything after the enacting clause and insert:
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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 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, 2014, 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 of the total tax revenues deposited in that fund during
the current school fiscal year.
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