53A-22-102. New industrial plants in school district -- Duty of school district.
A school district confronted with actual or anticipated large increases in enrollment
because of the construction of a new industrial plant or plants to a degree that new buildings or
additions to existing buildings are required shall make the following efforts to raise funds to meet
those building needs:
(1) bond to its maximum capacity and maintain maximum bonding by rebonding at least
once every other year until building needs are met;
(2) maintain an annual property tax levy for capital outlay and debt service combined of
not less than .0036 per dollar of taxable value; and
(3) initiate any action necessary to qualify for any state, federal, or other funds for capital
outlay for which the district may be eligible.
Enacted by Chapter 2, 1988 General Session
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Last revised: Thursday, May 28, 2009