6 | 29 | | BILL NO. 1037 By: Thompson and Hall of the |
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7 | 30 | | Senate |
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8 | 31 | | |
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9 | 32 | | and |
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10 | 33 | | |
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11 | 34 | | Wallace and Hilbert of the |
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12 | 35 | | House |
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13 | 36 | | |
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14 | 37 | | |
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15 | 38 | | |
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16 | 39 | | |
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17 | 40 | | An Act relating to school building funds; amending 70 |
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18 | 41 | | O.S. 2011, Section 1 -118, which relates to the |
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19 | 42 | | definition of building fund; up dating reference; |
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20 | 43 | | allowing building fund to consist of certain monies |
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21 | 44 | | from certain federal acts; providing an effective |
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22 | 45 | | date; and declaring an emergency . |
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23 | 46 | | |
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26 | 49 | | |
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34 | 53 | | Section 1-118. The building fund of any school district shall |
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35 | 54 | | consist of all monie s derived from the proceeds of a building fund |
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36 | 55 | | levy of not to exceed five (5) mills in any year, voted by the |
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37 | 56 | | people of a school district pursuant to the provisions of Article X, |
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38 | 57 | | Section 10, of the Oklahoma Constitution, monies appropriated by the |
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39 | 58 | | state for the purpose of capital expenditures or projects, monies |
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40 | 59 | | allocated to a school distric t by the State Board of Education from |
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41 | 60 | | the State Public Common School Building Equalization Fund , and |
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42 | 61 | | monies donated to a school district for the purpose of capital |
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43 | 62 | | projects or improvements and may be used for erecting, remodeling, |
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49 | 92 | | systems and equipment, for paying energy and utility costs, for |
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50 | 93 | | purchasing telecommunications utilities and services, for paying |
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51 | 94 | | fire and casualty insurance premiums for school facilities, for |
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52 | 95 | | purchasing security systems, for paying salaries of security |
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53 | 96 | | personnel, or for one or more, or all, of such purposes. Proceeds |
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54 | 97 | | of such levies shall not be required to be used during the year for |
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55 | 98 | | which a levy is made but may accumulate from year to year until |
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56 | 99 | | adequate for the purposes intended. The building fund may also |
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57 | 100 | | consist of monies allocated to a schoo l district via the federal |
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58 | 101 | | Coronavirus Response and Relief Supplemental Appropriation Act of |
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59 | 102 | | 2021 (CRRSA) and the federal American Rescue Plan Act of 2021 (ARP). |
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60 | 103 | | The building fund hereinabove defined is hereby declare d to be a |
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61 | 104 | | current expense fund, but shall not be considered a part of the |
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62 | 105 | | general operating fund. No monies derived from the proceeds of the |
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63 | 106 | | school levies made pursuant to the provisions of Article X, Section |
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64 | 107 | | 9 of the Oklahoma Constitution may be placed i n the building fund |
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65 | 108 | | provided by this section . |
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90 | | - | OFFICE OF THE GOVERNOR |
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91 | | - | Received by the Office of the Governor this _______ _____________ |
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92 | | - | day of _________________ __, 20_______, at _______ o'clock _______ M. |
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93 | | - | By: _______________________________ __ |
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94 | | - | Approved by the Governor of the State of Oklahoma this _____ ____ |
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95 | | - | day of _________________ __, 20_______, at _______ o'clock _______ M. |
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96 | | - | |
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97 | | - | _________________________________ |
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98 | | - | Governor of the State of Oklahoma |
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99 | | - | |
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100 | | - | |
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101 | | - | OFFICE OF THE SECRETARY OF STATE |
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102 | | - | Received by the Office of the Secretary of State this _______ ___ |
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103 | | - | day of __________________, 20 _______, at _______ o'clock _______ M. |
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104 | | - | By: _______________________________ __ |
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