53A-22-102 - New industrial plants in school district -- Duty of school district.
53A-22-102. New industrial plants in school district -- Duty of school district.
A school district confronted with actual or anticipated large increases in enrollmentbecause of the construction of a new industrial plant or plants to a degree that new buildings oradditions to existing buildings are required shall make the following efforts to raise funds to meetthose building needs:
(1) bond to its maximum capacity and maintain maximum bonding by rebonding at leastonce every other year until building needs are met;
(2) maintain an annual property tax levy for capital outlay and debt service combined ofnot less than .0036 per dollar of taxable value; and
(3) initiate any action necessary to qualify for any state, federal, or other funds for capitaloutlay for which the district may be eligible.
Enacted by Chapter 2, 1988 General Session