SB 378

Under current law, if a technical college district board intends to make a capital

expenditure in excess of $1,500,000 for the purchase or construction of buildings or

for the lease/purchase of buildings (if costs exceed $1,500,000 for the lifetime of the

lease), it must adopt a resolution stating its intention and submit the resolution to

the electors of the district for approval.

This bill provides that in determining whether this referendum requirement

applies to a capital expenditure partially funded with student housing payments for

the purchase or construction, or the lease/purchase, of a student residence facility,

that portion of the capital expenditure consisting of student housing payments is

subtracted.