Section 40-55-08 - Election to establish recreation system - Funding1. The governing body of any city, school district, or park district to which this chapter is applicable, may and upon receipt of a petition signed by at least ten qualified electors but not less than five percent of those qualified electors who voted at the last general election of the city, school district, or park district, shall submit to the qualified electors the question of the establishment, maintenance, and conduct of a public recreation system at the next general election or special municipal election if the question to be placed on the ballot is filed thirty days prior to the date of the election.2. If the electors of the city have approved a public recreation system, the governing body of the city may provide funding for the recreation system from revenues derived from its general fund levy authority in an amount not exceeding the revenue derived from a levy of two and five-tenths mills per dollar of taxable valuation of property within the city.3. A school district or park district may provide funding from revenues derived from its general fund levy authority for the establishment, maintenance, and conduct of a public recreation system.Amended by S.L. 2015, ch. 137 (SB 2031),§ 18, eff. 7/1/2015.Amended by S.L. 2015, ch. 439 (SB 2144),§ 54, eff. 1/1/2015.Amended by S.L. 2013, ch. 13 (HB 1013),§ 67, eff. 1/1/2015.Amended by S.L. 2013, ch. 13 (HB 1013),§ 45, eff. 1/1/2013.