Req. No. 6251 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 58th Legislature (2021) HOUSE JOINT RESOLUTION 1036 By: Echols AS INTRODUCED A Joint Resolution directing the Secretary of State to refer to the people for their approval or rejection a proposed amendm ent to Section 26 of Article X of the Constitution of the State of Oklahoma; allowing a school district to become indebted for the purpose of acquiring or improving the school sites or equipment of a charter school; defining term; providing ballot title; a nd directing filing. BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE 1ST SESSION OF THE 58TH OKLAHOMA LEGISLATURE: SECTION 1. The Secretary of State shall refer to the people for their approval or rejection , as and in the manner provided by law, the following proposed amend ment to Section 26 of Article X of the Constitution of the State of Oklahoma to read as follows: Section 26. (a) Except as herein otherwise provided, no county, city, town, township, sch ool district, or other political corporation, or subdivision of the state, shall be allowed to become indebted, in any manner, or for any purpose, to an amount exceeding, Req. No. 6251 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 in any year, the income and revenue provided for such year without the assent of three-fifths of the voters thereof, voting at an election, to be held for that purpose, nor, in cases requiring such assent, shall any indebtedness be allowed to be incurred to an amount, including existing indebtedness, in the aggregate exceeding five percent (5%) of the valuation of the taxable property therein, to be ascertained from the last assessment for state and county purposes previous to the incurring of such indebtedness: Provided, that if a school district or charter school has an absolute need therefor, such the school district may, with the assent of three - fifths of the voters thereof voting at an election to be held for that purpose, incur indebtedness to an amount, including existing indebtedness, in the aggregate exceeding five percent (5%) but not exceeding ten percent (10%) of the valuation of the taxable property therein, to be ascertained from the last assessment for state and county purposes previous to the incurring of such indebtedness, for the purpose of acquiring or improving school district or charter school sites, constructing, repairing, remodeling or equipping buildings of the school district or charter school , or acquiring school district or charter school furniture, fixtures or equipment; and such assent to such indebtedness shall be deemed to be a sufficient showing of such absolute need, un less otherwise provided by law. Provided further, that if a city or town has an absolute need therefor, such city or town may, with the assent of three - Req. No. 6251 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 fifths of the voters thereof voting at an election to be held for that purpose, incur indebtedness to an amount, including existing indebtedness, in the aggregate exceeding five percent (5%) but not exceeding ten percent (10%) of the valuation of the taxable property therein, to be ascertained fr om the last assessment for state and county purposes previous to the incurring of such indebtedness, and such assent to such indebtedness shall be deemed to be a sufficient showing of such absolute need unless otherwise provided by law. Provided, further, that any county, city, town, school district, or other political corporation, or subdivision of the state, incurring any indebtedness requiring the assent of the voters as aforesaid, shall, before or at the time of doing so, provide for the collection of an annual tax sufficient to pay the interest on such indebtedness as it falls due, and also to constitute a sinking fund for the payment of the principal thereof within twenty -five (25) years from the time of contracting the same, and provided further that nothing in this section shall prevent, under such conditions and limitations as shall be prescribed by law, any school district from contracting with: (1) certificated personnel for periods extending one (1) year beyond the current fiscal year; or (2) a school superintendent for periods extending more than one (1) year, but not to exceed three (3) years beyond the current fiscal year. Req. No. 6251 Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 As used in this subsection, "charter school" shall mean a charter school that: (1) is formed and operated under the prov isions of the Oklahoma Charter Schools Act; (2) owns or occupies a physical building located within the geographical boundaries of the school district incurring indebtedness under this subsection; (3) has at least fifty percent (50%) of students enrolled that have a permanent residence within the geographical boundaries of the school district incurring indebtedness under this subsection at any time in the calendar year immediately preceding the year election required under this subsection is held that consists of student enrollment. (b) If a county approves an exemption of household goods of the heads of families and livestock employed in support of the family from ad valorem taxation pursuant to the provisions of subsection (b) B of Section 6 of this art icle, the percentage limitations on indebtedness as specified in subsection (a) of this section for political subdivisions or political corporations located in any such county shall be adjusted by multiplying the percentage levels specified in subsection ( a) of this section by the millage adjustment factor as specified in subsection (b) of Section 8A of this article. Req. No. 6251 Page 5 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 (c) If approved by the people, the amendment to this section shall become effective January 1, 1993. SECTION 2. The Ballot Title for the proposed Constitutional amendment as set forth in SECTION 1 of this resolution shall be in the following form: BALLOT TITLE Legislative Referendum No. ____ State Question No. ____ THE GIST OF THE PROPOSITION IS AS FOLLOWS: This measure amends Section 26 of Article 10 of the Oklahoma Constitution. It allows a school district to become indebted, after the approval of three-fifths (3/5) of the voters in an election, for the purpose of acquiring or improving the school sites or equipment of a char ter school. The charter school must be physically located within the school district and fifty percent (50%) of the charter school 's students must reside in the school district. SHALL THE PROPOSAL BE APPROVED? FOR THE PROPOSAL — YES _____________ AGAINST THE PROPOSAL — NO _____________ SECTION 3. The Chief Clerk of the House of Representatives, immediately after the passage of this resolution, shall prepare and file one copy thereof, including the Ballot Title set forth in Req. No. 6251 Page 6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SECTION 2 hereof, with the Secretary of State and one copy with the Attorney General. 58-1-6251 AMM 01/19/21