txt

HB 451 am: "An Act relating to municipal bond reimbursement for school construction; and providing for an effective date."

00                            HOUSE BILL NO. 451 am                                                                        
01 "An Act relating to municipal bond reimbursement for school construction; and                                           
02 providing for an effective date."                                                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.11.100(a)(8) is amended to read:                                                               
05                 (8)  subject to (h), (i), (j)(2) - (5) [(j)(2) - (4)], and (n) of this section                      
06       and after projects funded by the bonds, notes, or other indebtedness have been                                    
07       approved by the commissioner, 70 percent of payments made by the municipality                                     
08       during the fiscal year for the retirement of principal and interest on outstanding bonds,                         
09       notes, or other indebtedness authorized by the qualified voters of the municipality on                            
10       or after July 1, 1995, but before July 1, 1998, to pay costs of school construction,                              
11       additions to schools, and major rehabilitation projects that exceed $200,000 and are                              
12       approved under AS 14.07.020(a)(11);                                                                               
13    * Sec. 2.  AS 14.11.100(a)(10) is amended to read:                                                                 
14                 (10)  subject to (h), (i), (j)(2) - (5) [(j)(2) - (4)], and (o) of this section,                    
01       and after projects funded by the bonds, notes, or other indebtedness have been                                    
02       approved by the commissioner, 70 percent of payments made by the municipality                                     
03       during the fiscal year for the retirement of principal and interest on outstanding bonds,                         
04       notes, or other indebtedness authorized by the qualified voters of the municipality on                            
05       or after June 30, 1998, to pay costs of school construction, additions to schools, and                            
06       major rehabilitation projects that exceed $200,000, are approved under                                            
07       AS 14.07.020(a)(11), and are not reimbursed under (n) of this section.                                            
08    * Sec. 3.  AS 14.11.100(j) is amended to read:                                                                     
09            (j)  Except as provided in (l) of this section, the state may not allocate money                             
10       to a municipality for a school construction project under (a)(5), (6), (7), or (9) of this                        
11       section unless the municipality complies with the requirements of (1) - (5) [(1) - (4)]                       
12       of this subsection, the project is approved by the commissioner before the local vote                             
13       on the bond issue for the project or for bonds authorized after March 31, 1990, but on                            
14       or before April 30, 1993, the bonds are approved by the commissioner before                                       
15       reimbursement by the state, and the local vote occurs before July 1, 1987, or after                               
16       June 30, 1988. In approving a project under this subsection, and to the extent required                           
17       under (a)(8) or (10) of this section, the commissioner shall require                                              
18                 (1)  the municipality to include on the ballot for the bond issue, for                                  
19       bonds authorized on or before March 31, 1990, or after April 30, 1993, the estimated                              
20       total cost of each project including estimated total interest, estimated annual operation                         
21       and maintenance costs, the estimated amounts that will be paid by the state and by the                            
22       municipality, and the approximate amount that would be due in annual taxes on                                     
23       $100,000 in assessed value to retire the debt;                                                                    
24                 (2)  that the bonds may not be refunded unless the annual debt service                                  
25       on the refunding issue is not greater than the annual debt service on the original issue;                         
26                 (3)  that the bonds must be repaid in approximately equal annual                                        
27       principal payments or approximately equal debt service payments over a period of at                               
28       least 10 years;                                                                                                   
29                 (4)  the municipality to demonstrate need for the project by establishing                               
30       that the school district has                                                                                      
31                      (A)  projected long-term student enrollment that indicates the                                     
01            district has inadequate facilities to meet present or projected enrollment;                                  
02                      (B)  facilities that require repair or replacement in order to meet                                
03            health and safety laws or regulations or building codes;                                                     
04                      (C)  demonstrated that the project will result in a reduction in                                   
05            annual operating costs that economically justifies the cost of the project; or                               
06                      (D)  facilities that require modification or rehabilitation for the                                
07            purpose of improving the instructional program;                                                          
08                 (5)  evidence acceptable to the department that the district                                        
09                      (A)  has a preventive maintenance plan that                                                    
10                           (i)  includes a computerized maintenance                                                  
11                 management program, cardex system, or other formal systematic                                       
12                 means of tracking the timing and costs associated with planned and                                  
13                 completed maintenance activities, including scheduled preventive                                    
14                 maintenance;                                                                                        
15                           (ii)  addresses energy management for buildings                                           
16                 owned or operated by the district;                                                                  
17                           (iii)  includes a regular custodial care program for                                      
18                 buildings owned or operated by the district;                                                        
19                           (iv)  includes preventive maintenance training for                                        
20                 facility managers and maintenance employees;                                                        
21                           (v)  includes renewal and replacement schedules for                                       
22                 electrical, mechanical, structural, and other components of                                         
23                 facilities owned or operated by the district; and                                                   
24                      (B)  is adequately following the preventive maintenance                                        
25            plan.                                                                                                    
26    * Sec. 4.  AS 14.11.100(k) is repealed.                                                                            
27    * Sec. 5.  This Act takes effect immediately under AS 01.10.070(c).