Section 178.881 - Community college capital improvement subdistrict may be established, boundaries, taxation - ballot language - dissolution of subdistrict1. The board of trustees of any public community college district in this state may establish a community college capital improvement subdistrict by its order for the sole purpose of capital projects. The boundaries of any capital improvement subdistrict established pursuant to this section shall be within the boundaries of the community college district.2. In the event a capital improvement subdistrict is so established, the board of trustees may propose an annual rate of taxation for the sole purpose of capital projects, within the limits of sections 178.770 to 178.891, which proposal shall be submitted to a vote of the people within the capital improvement subdistrict.3. The question shall be submitted in substantially the following form: Shall the board of trustees of ______ (name of district) be authorized, for the purpose of ______ (name of capital project), to borrow money in the amount of ______ dollars to be used in the capital improvement subdistrict of ______ (name of capital improvement subdistrict) for the purpose of ______ (name of capital project) and issue bonds for payment thereof? |
[] YES | [] NO |
4. If a majority of the votes cast on the question are for the tax as submitted, the tax shall be levied and collected on property within the capital improvement subdistrict in the same manner as other community college district taxes. Such funds shall be used for capital improvements in the community college capital improvement subdistrict.5. Where a tax has not been approved by the voters within a five-year period from the establishment of a community college capital improvement subdistrict, such capital improvement subdistrict shall be dissolved by the board of trustees.L. 2002 H.B. 2022 merged with S.B. 947