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SF 3027 Senate Long Description

Authorizing independent school districts #394, Montgomery-Lonsdale +and #721, New Prague to enter into a joint powers agreement to govern and +manage the Lonsdale elementary school during the period of outstanding +obligations issued to finance the facility; specifying certain requirements of the joint+ powers board; providing for enrollment at the elementary school and for +pupil transportation; requiring the board to establish tuition amounts; +authorizing the New Prague school district to issue bonds for the facility upon +voter approval and regulating the facilities payment; requiring a levy by +the Montgomery-Lonsdale school district for transfer to the New Prague +district; requiring the New Prague district to reduce the net debt service levy+ by the amount of the facilities payment (mk)