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S.F. No. 2605 - Requirements for school district and municipal bond referendums and bond proceeds - Second Engrossment
 
Author: Senator Karin Housley
 
Prepared By: Bjorn E. Arneson, Senate Analyst (651/296-3812)
 
Date: April 12, 2018



 

Section 1. Sample ballot, posting. For proposed capital projects requiring review and comment, requires that the summary of the commissioner’s review and comment and other supplemental information be posted in the school district’s administrative office four days before an election to issue bonds to finance the project. Requires that the same be posted in the polling place on election day. Makes this section effective for elections held on or after August 1, 2018.

Section 2. Proper use of bond proceeds. Requires that proceeds of voter-approved bonds issued by all municipalities not be spent on an expansion or contraction that is materially different than the original purpose without the approval of a majority of voters.

Section 3. Generally; notice. Requires that the ballot language for a school district bond issue state the name of the plan or plans being proposed by the district as submitted to the commissioner for review and comment. Makes this section effective for elections held on or after August 1, 2018.

 
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