KY HB727 | 2024 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 9 2024 - 100% progression
Action: 2024-04-09 - signed by Governor (Acts Ch. 126)
Text: Latest bill text (Chaptered) [PDF]

Summary

Amends KRS 160.160 to authorize a school district to issue general obligation bonds in accordance with KRS Chapter 66, to authorize the Kentucky Department of Education (KDE) to intercept debt service payments when due for a general obligation bond issue, to make conforming amendments, to add language to suspend the requirement for prior approval for a local board to commence the funding, financing, design, construction, renovation, or modification of district facilities until June 30, 2027, to require a local board to continue to submit BG-1 Project Application forms, to ensure that KDE shall continue to have authority to intercede on bond payments until June 30, 2027, to provide for an expedited process for approval of district facility plans and the acquisition and disposal of property, to require that KDE provide assistance to districts upon request concerning facilities and properties procedures, to ensure current applications are governed by these sections, to includes extracurricular facilities as facilities covered by the Act, and to declare that nothing in specified sections waives prior approval of Elementary and Secondary School Emergency Relief funds or other federal funds for which federal law requires state authorization; and creates a new section of KRS Chapter 162 to allow school districts to issue general obligation bonds.

Tracking Information

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Title

AN ACT relating to school district buildings.

Sponsors


Roll Calls

2024-03-28 - Senate - Senate: Third Reading RSN# 3154 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-12 - House - House: Third Reading RCS# 266 (Y: 95 N: 0 NV: 0 Abs: 3) [PASS]

History

DateChamberAction
2024-04-09Housesigned by Governor (Acts Ch. 126)
2024-03-28Housedelivered to Governor
2024-03-28Houseenrolled, signed by President of the Senate
2024-03-28Houseenrolled, signed by Speaker of the House
2024-03-28Housereceived in House
2024-03-28Senate3rd reading, passed 38-0
2024-03-27Senateposted for passage in the Consent Orders of the Day for Thursday, March 28, 2024
2024-03-27Senate2nd reading, to Rules as a consent bill
2024-03-26Senatereported favorably, 1st reading, to Consent Calendar
2024-03-21Senateto Banking & Insurance (S)
2024-03-13Senateto Committee on Committees (S)
2024-03-13Senatereceived in Senate
2024-03-12House3rd reading, passed 95-0 with Committee Substitute (1) and Floor Amendments (1) and (3)
2024-03-11Housefloor amendments (2) and (3) filed to Committee Substitute
2024-03-07Houseposted for passage in the Regular Orders of the Day for Friday, March 08, 2024
2024-03-07House2nd reading, to Rules
2024-03-06Housefloor amendment (1) filed to Committee Substitute
2024-03-06Housereported favorably, 1st reading, to Calendar with Committee Substitute (1)
2024-03-05Houseto Banking & Insurance (H)
2024-02-26Houseto Committee on Committees (H)
2024-02-26Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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