SENATE BILL REPORT

                                    SB 6414

                            AS OF FEBRUARY 3, 1992

Brief Description:  Requiring the number of votes needed to pass excess levies for school bonds to be forty percent of the number of voters casting votes on a single school district general election issue or candidacy.

SPONSORS: Senators Bailey, Rinehart, Murray, Pelz and Skratek

SENATE COMMITTEE ON EDUCATION

Staff:  Mich'l Prentice Needham (786‑7439)

Hearing Dates: February 3, 1992

BACKGROUND:

Current law allows municipal corporations to issue general obligation bonds for capital purposes.  Validation requires both a voter turnout of at least 40 percent of the voters in the municipal corporation who voted in the preceding general state election and an affirmative vote of three-fifths (60 percent) of those voting.

SUMMARY:

School district general obligation bonds are validated when the total number of persons voting equals at least 40 percent of the majority of votes cast on any single school district general issue or candidacy.  The requirement that the measure be approved by 60 percent of those voting is retained.

Appropriation:  none

Revenue:  none

Fiscal Note:  requested February 3, 1992