AN
ACT Relating to alternate financing for schools; amending RCW 28A.335.170 and
28A.530.010; and adding a new section to chapter 28A.525 RCW.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
28A.335.170 and 1990 c 33 s 360 are each amended to read as follows:
The
board of directors of any school district may enter into contracts for their
respective districts ((for periods not exceeding five years in duration))
with public and private persons, organizations, and entities for the following
purposes:
(1)
To rent or lease building space((,)) and portable buildings((,
security systems, computers and other equipment)) for periods not
exceeding ten years in duration;
(2)
To rent security systems, computers, and other equipment or to have
maintained and repaired security systems, computers, and other equipment
for periods not exceeding five years in duration; and
(3)
To provide pupil transportation services for periods not exceeding five
years in duration.
No
school district may enter into a contract for pupil transportation unless it
has notified the superintendent of public instruction that, in the best
judgment of the district, the cost of contracting will not exceed the projected
cost of operating its own pupil transportation.
The
budget of each school district shall identify that portion of each contractual
liability incurred pursuant to this section extending beyond the fiscal year by
amount, duration, and nature of the contracted service and/or item in
accordance with rules and regulations of the superintendent of public
instruction adopted pursuant to RCW 28A.505.140 and 28A.310.330.
The
provisions of this section shall not have any effect on the length of contracts
for school district employees specified by RCW 28A.400.300 and 28A.405.210.
NEW
SECTION. Sec. 2. A
new section is added to chapter 28A.525 RCW to read as follows:
The
board of directors of any school district may use the proceeds of
voter-approved bonds, voter-approved levies, state allocations for financial
assistance, or other funds available to the district for: (1) Payment of an
installment purchase contract for school plant facilities; or (2) payments
under any financing lease the term of which is ten years or longer and that
contains an option by the school district to purchase the leased property for
nominal consideration. The authority granted by this section for the use of
moneys from such sources is in addition to, and not in limitation of, any other
authority provided by law, and the proceeds of voter-approved bonds or tax
levies may be used for such payments to the full extent allowed by Article VII,
section 2 of the state Constitution.
Sec.
3. RCW
28A.530.010 and 1991 c 114 s 3 are each amended to read as follows:
The
board of directors of any school district may borrow money and issue negotiable
bonds therefor for the purpose of:
(1)
Funding outstanding indebtedness or bonds theretofore issued; or
(2)
For the purchase of sites for all buildings, playgrounds, physical education
and athletic facilities and structures authorized by law or necessary or proper
to carry out the functions of a school district; or
(3)
For erecting all buildings authorized by law, including but not limited to
those mentioned in subsection (2) of this section immediately above or
necessary or proper to carry out the functions of a school district, and
providing the necessary furniture, apparatus, or equipment therefor; or
(4)
For improving the energy efficiency of school district buildings and/or
installing systems and components to utilize renewable and/or inexhaustible
energy resources; or
(5)
For major and minor structural changes and structural additions to buildings,
structures, facilities and sites necessary or proper to carrying out the
functions of the school district; or
(6)
For payment of (a) an installment purchase contract for school plant
facilities or (b) a financing lease the term of which is ten years or longer
and that contains an option by the school district to purchase the leased
property for nominal consideration, but only to the extent such payment
constitutes a capital expenditure; or
(7)
For any or all of these and other capital purposes.
Neither
the amount of money borrowed nor bonds issued therefor shall exceed the
limitation of indebtedness prescribed by chapter 39.36 RCW, as now or hereafter
amended.
Except
for bonds issued under RCW 28A.530.080, bonds may be issued only when
authorized by the vote of the qualified electors of the district as provided by
law.
The bonds shall be issued and sold in accordance with chapter 39.46
RCW.
