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SF 3302 Senate Long Description

Modifying certain education facilities funding provisions; changing the debt service equalization program to the facilities equalization program and expanding the program to include health and safety, handicapped access and fire safety, building construction and lease program and cooperative building repair revenues, eliminating certain program levies; specifying a school district debt service priority; changing the alternative facilities bonding and levy program to the alternative facilities revenue program; requiring funds not applied to the payment of building leases at the termination of the lease to be transferred to the debt redemption fund of the district; repealing the handicapped access and fire safety program revenue cap (mk)