HB0038 • 2007

School districts-bond issues.

AN ACT relating to school districts; requiring bonding propositions for facility or facility feature enhancements to include a reserve or sinking fund for maintenance; and providing for an effective date.

Education

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative McOmie
Last action: 2007-02-15
Official status: enrolled
Effective date: 7/1/2007

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0038HS001

Standing Committee • H04

Adopted

Plain English: Adopted Standing Committee by H04

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2007-02-15 LSO
Assigned Chapter Number - 35
2007-02-15 Governor
Governor Signed HEA0017
2007-02-13 Senate
S President Signed HEA No. 0017
2007-02-13 House
H Speaker Signed HEA No. 17
2007-02-12 LSO
Assigned Number HEA0017
2007-02-12 Senate
S Passed 3rd Reading
2007-02-09 Senate
S Passed 2nd Reading
2007-02-08 Senate
S Passed CoW
2007-02-05 Senate
S Placed on General File
2007-02-05 Senate
S04 Recommended Do Pass
2007-01-31 Senate
S Introduced and Referred to S04
2007-01-31 Senate
S Received for Introduction
2007-01-29 House
H Passed 3rd Reading
2007-01-26 House
H Passed 2nd Reading
2007-01-25 House
H Passed CoW
2007-01-25 House
H Amendments Adopted
2007-01-25 House
Amendment Adopted
2007-01-19 House
H Placed on General File
2007-01-19 House
H04 Recommended Amend and Do Pass
2007-01-11 House
H Introduced and Referred to H04
2007-01-09 House
H Received for Introduction
2006-12-18 LSO
Bill Number Assigned

Official Summary Text

2007 General Session Summary for HB0038

Bill No.:
HB0038
Drafter:

DRN

LSO No.:
07LSO-0205
Effective Date:

7/1/2007

Enrolled Act No.:
HEA0017

Chapter No.:
35

Prime Sponsor:
Representative
McOmie

Catch Title:
School
districts-bond issues.

Subject:
School district general obligation bonding for
school facility enhancements.

Summary/Major Elements:

Requires a school district
bonding proposition submitted to the district voters on or after July 1, 2007
for facility or facility feature enhancements to include a reserve or sinking
fund for maintenance and repair;

Requires the reserve or
sinking fund be set at a minimum of three percent (3%) of bond proceeds;

Expands district bonding
purposes authorized by law to include repair and maintenance.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0038

ENROLLED ACT NO. 17, HOUSE OF REPRESENTATIVES

FIFTY-NINTH LEGISLATURE OF THE STATE OF WYOMING
2007 GENERAL SESSION

AN ACT relating to school districts; requiring bonding propositions for facility or facility feature enhancements to include a reserve or sinking fund for maintenance; expanding bonding purposes accordingly; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 21
‑
13
‑
701(a)(intro), (iv), by creating a new paragraph (v) and by renumbering (v) as (vi) and by creating a new subsection (d) is amended to read:

21
‑
13
‑
701.

Submission of question to electors authorized; purposes for which indebtedness may be created; required public hearing on bonding proposition; reserve fund for maintenance required.

(a)

The board of trustees of a school district may, after conducting at least two (2) public hearings as required under subsection (c) of this section
and subject to subsection (d) of this section
, submit to the qualified electors of the district on a date authorized under W.S. 22
‑
21
‑
103, the question of creating an indebtedness for the purpose of:

(iv)

Equipping and furnishing buildings;
and

(v)

Repair and maintenance; and

(v)
(vi)

Any combination of the above.

(d)

In addition to subsection (a) of this section and for any bond proposition submitted to district voters on or after July 1, 2007, the proposition shall provide that not less than three percent (3%) of bond proceeds be used for the creation of reserves or sinking funds for the maintenance and repair of any buildings or facilities or any building or facility features in excess of state building and facility adequacy standards which are to be constructed or otherwise acquired through the bond issue.

Section 2.

This act is effective July 1, 2007.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

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