require an election to approve the issuance of certain capital outlay certificates, lease-purchase contracts, or installment purchase contracts.

Summary

The bill forces any school board that wants to issue capital‑outlay certificates, lease‑purchase or installment contracts exceeding a set financial threshold to first hold a public hearing and then place the proposal on a ballot. Voters must approve the measure by a 60 % majority. The rule applies to all public school districts in South Dakota.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share