2006 Kentucky Revised Statutes - .621   Additional tax levy for debt service and new facilities in school districts with student population growth -- Criteria -- Expiration of section.

157.621 Additional tax levy for debt service and new facilities in school districts with student population growth -- Criteria -- Expiration of section. (1) Local school districts that have experienced student population growth during a five (5) year period may levy a five cents ($0.05) tax for debt service and new facilities in addition to the five cents ($0.05) levied under the school construction funding program provided in KRS 157.620. The tax rate levied by the district under this provision shall not be subject to a recall vote as provided in KRS 160.470(8) and shall not be equalized by state funding. (2) A local school district shall meet the following criteria in order to levy the tax provided in subsection (1) of this section: (a)  Growth of at least one hundred fifty (150) students in average daily attendance and three percent (3%) overall growth for the five (5) preceding years; (b)  Bonded debt to the maximum capability of at least eighty percent (80%) of capital outlay from the Support Education Excellence in Kentucky funding program, all revenue from the local facility tax, and all receipts from state equalization on the local facility tax; (c)  Current student enrollment in excess of available classroom space; and (d)  A local school facility plan that has been approved by the Kentucky Board of Education and certified to the School Facilities Construction Commission. (3) When the state appropriations amount to the total cost of equalizing the five cents ($0.05) at the rate prescribed in KRS 157.620, as evidenced in the biennial budget and the budget memorandum, the provisions of this section shall expire. Effective: July 14, 2000 History: Amended 2000 Ky. Acts ch. 389, sec. 10, effective July 14, 2000. -- Amended 1996 Ky. Acts ch. 362, sec. 6, effective July 15, 1996. -- Created 1994 Ky. Acts ch. 436, sec. 1, effective July 15, 1994. 2006-2008 Budget Reference. See State/Executive Branch Budget, 2006 Ky. Acts ch. 252, Pt. I, A.29.(2), at 1159; and State/Executive Branch Budget Memorandum, 2006 Ky. Acts ch. 257, at 2282 (Final Budget Memorandum, at 633). 2004-2006 Budget Reference. See State/Executive Branch Budget, 2005 Ky. Acts ch. 173, pt. I, D.4.(14), at 3057; and State/Executive Branch Budget Memorandum, 2005 Ky. Acts ch. 2188, (Final Budget Memorandum, at 536). 2004-2006 Budget Reference. See State/Executive Branch Budget, 2005 Ky. Acts ch. 173, pt. I, E.6.(2), at 3060; and State/Executive Branch Budget Memorandum, 2005 Ky. Acts ch. 170, at 2222 (Final Budget Memorandum, at 568). Page 1 of 1