2424 AMH CB GAVI 8

HB 2424 - H COMM AMD

By Committee on Capital Budget

     On page 1, line 14, after "election" strike "((three-fifths)) a majority" and insert "three-fifths"

     On page 2, line 2, after "district" insert ".  However, if the  proposition for validating and ratifying the indebtedness under this section is submitted at a primary or general election, as scheduled under chapter 29.13 RCW, the indebtedness shall be validated and ratified if a majority of the voters at the primary or general election vote in favor of the proposition"

     On page 2, line 6, after "by" strike "((three-fifths)) a majority" and insert "three-fifths"

     On page 2, line 7, after "election" insert "or is validated and ratified by a majority of the voters voting at a primary or general election, as scheduled under chapter 29.13 RCW"

     On page 2, line 30, after "proposition" insert "when the proposition is submitted at a primary or general election, as scheduled under chapter 29.13 RCW"

     On page 3, line 36, after "of" strike "((three-fifths)) a majority" and insert "three-fifths"

     On page 4, line 2, after "therein" insert ".  However, if the  proposition for validating and ratifying the indebtedness under this subsection is submitted at a primary or general election, as scheduled under chapter 29.13 RCW, the indebtedness shall be validated and ratified if a majority of the voters at the primary or general election vote in favor of the proposition"

     On page 4, strike lines 27 through 30 and insert:

     "Sec. 5.  RCW 28A.530.020 and 1996 c 48 ' 1 are each amended to read as follows:

     (1) The question whether the bonds shall be issued, as provided in RCW 28A.530.010, shall be determined at an election to be held pursuant to RCW 39.36.050.  If a majority of the votes cast at such election favor the issuance of such bonds, the board of directors must issue such bonds:  PROVIDED, That if the amount of bonds to be issued, together with any outstanding indebtedness of the district that only needs a simple majority voter approval, exceeds three-eighths of one percent of the value of the taxable property in said district, as the term "value of the taxable property" is defined in RCW 39.36.015, then three-fifths of the votes cast at such election must be in favor of the issuance of such bonds, before the board of directors is authorized to issue said bonds; however, if the  question whether the bonds should be issued is submitted at a primary or general election, as scheduled under chapter 29.13 RCW, bonds shall be authorized if a majority of the voters at the primary or general election vote in favor of issuing the bonds.

     (2) The resolution adopted by the board of directors calling an election in subsection (1) of this section shall specify the purposes of the debt financing measure, including the specific buildings to be constructed or remodeled and any additional specific purposes as authorized by RCW 28A.530.010.  If the debt financing measure anticipates the receipt of state financing assistance under chapter 28A.525 RCW, the board resolution also shall describe the specific anticipated purpose of the state assistance.  If the school board subsequently determines that state or local circumstances should cause any alteration to the specific expenditures from the debt financing or of the state assistance, the board shall first conduct a public hearing to consider those circumstances and to receive public testimony.  If the board then determines that any such alterations are in the best interests of the district, it may adopt a new resolution or amend the original resolution at a public meeting held subsequent to the meeting at which public testimony was received." 

     Correct the title an internal references accordingly.

EFFECT:  Provides for a simple majority validation when the proposition is submitted to voters at a primary or general election; current law would apply when the proposition is submitted at a special election.