SB70 PS AM 3-10
Roskovensky 3338

The Committee on Political Subdivisions moves to amend the bill on page 11, by removing section twelve, article eight, chapter eleven in its entirety and inserting in lieu thereof the following:
"§11-8-12. Levy estimate by board of education; certification and publication.

Each board of education shall, at the session provided for in section nine of this article, if the laying of a levy has been authorized by the voters of the district under article nine, chapter eighteen of the code, ascertain the condition of the fiscal affairs of the district, and make a statement setting forth:
(1) The amount due, and the amount that will become due and collectible during the current fiscal year except from the levy of taxes to be made for the year;
(2) The interest, sinking fund and amortization requirements for the fiscal year of bonded indebtedness legally incurred upon a vote of the people, as provided by law, by any school district existing prior to May 22, 1933, prior to before the adoption of the Tax Limitation Amendment: Provided, that, for purposes of the calculation of payments for any bonds for which a board of education receives a credit payment from the United States of America, this calculation shall include the debt service due on such bonds less the amount of credit payment scheduled to be received by such board of education;
(3) Other contractual indebtedness not bonded, legally incurred by any such school district existing prior to May 22, 1933, prior to before the adoption of the Tax Limitation Amendment, owing by such district;
(4) The amount to be levied for the permanent improvement fund;
(5) The total of all other expenditures to be paid out of the receipts for the current fiscal year, with proper allowance for delinquent taxes, exonerations and contingencies;
(6) The amount of such total to be raised by the levy of taxes for the current fiscal year;
(7) The proposed rate of levy in cents on each one hundred dollars' assessed valuation of each class of property;
(8) The separate and aggregate amounts of the assessed valuation of real, personal, and public utility property within each class.
The secretary of the board shall forward immediately a certified copy of the statement to the tax commissioner Auditor and shall publish the statement forthwith immediately. The session shall then stand adjourned until the third Tuesday in April, at which time it shall reconvene except where otherwise permitted by section nine of this article: Provided, That no provision of this section or section nine of this article may be construed to abrogate any requirement imposed on the board of education by article nine-b, chapter eighteen of this code."