Kentucky HB801 amends school district funding and equalization provisions, affecting tax levies and equalization funding for school construction and.

Kentucky HB801 modifies the criteria for local school districts to levy additional taxes for school construction and renovation. It allows certain districts to impose an additional five cents equivalent tax rate for debt service, new construction, and major renovation if specific conditions are met, such as having a local school facility plan and insufficient bonding capacity. The bill also outlines the conditions under which equalization funding is provided to these districts, including the duration and limitations of such funding.

Kentucky HB801 amends school district funding and equalization provisions, affecting tax levies and equalization funding for school construction and.

Kentucky HB801 modifies the criteria for local school districts to levy additional taxes for school construction and renovation. It allows certain districts to impose an additional five cents equivalent tax rate for debt service, new construction, and major renovation if specific conditions are met, such as having a local school facility plan and insufficient bonding capacity. The bill also outlines the conditions under which equalization funding is provided to these districts, including the duration and limitations of such funding.