Section 8.1. Unified school district debt limit
Select dates to read amendment and select a date from the dropdown to compare the changes.
Unified school district debt limit
(1) Notwithstanding the provisions of section 8 of this article a unified school district may become indebted to an amount not exceeding thirty per cent of the taxable property of the school district, as shown by the last assessment roll thereof. For purposes of this section, a unified school district is a single school district which provides education to the area within the district for grades kindergarten through twelve and which area is not subject to taxation by any other common or high school district.
(2) The provisions of § 18, subsections (3), (4), (5) and (6) of this article shall not apply to this section.
Unified school district debt limits
Notwithstanding the provisions of section 8 of this article a unified school district may become indebted to an amount not exceeding twenty per cent of the value of the taxable property of school district, as shown by the last assessment roll thereof. For purposes of this section, a unified school district is a single school district which provides education to the area within the district for grades kindergarten through twelve and which area is not subject to taxation by any other common or high school district.