FILE: DFD
TAX AND BOND ELECTIONS AND SALES
TAX AND BOND ELECTIONS
The Acadia Parish School Board may call elections for the public to vote on tax or bond revenue issues. Every bond, tax, or other election at which a proposition or question is to be submitted to the voters shall be held only on one of the dates set forth by state law or upon proper application to and approval of the State Bond Commission on a date not provided by statute. The proposition placed on the ballot submitted to the voters in any bond election shall state the kinds and sources of revenues which shall be pledged to retire the bonds, should the proposition be successful.
Public notice of the date, time, and place of any meeting at which the School Board intends to levy, increase, or renew any ad valorem property tax or sales and use tax or authorize the calling of an election for submittal of such question to the voters shall be both published in the official journal of the School Board no more than sixty (60) days nor less than thirty (30) days before such public meeting and shall be announced to the public during the course of a public meeting no more than sixty (60) days nor less than thirty (30) days before such public meeting; and notice of such meeting shall be written and hand delivered or transmitted by email to each voting member of any governing authority of a political subdivision that is required to approve such a measure previously adopted by another governing authority and to each state senator and representative in whose district all or a portion of the political subdivision is located, no more than sixty (60) days nor less than thirty (30) days before such public meeting. Email delivery shall be made to the official email address of such voting members or legislators and to any other address provided in writing to the School Board by such a voting member or legislator.
If such a meeting is postponed or cancelled, notice of any subsequent meeting to consider taking action regarding property or sales taxes shall be published in the School Board’s official journal no less than ten (10) days before the subsequent meeting.
If consideration of or action upon the tax proposal is postponed, or if no action was taken regarding the tax proposal, then notice of any subsequent meeting to consider the tax proposal shall be published no less than ten (10) days before the subsequent meeting, unless the date, time, and place of the subsequent meeting was announced to the public during the meeting.
If at a meeting held in accordance with above provisions the School Board adopts such a measure, the provisions shall not apply to a subsequent meeting if the only action taken at the subsequent meeting is one which results in a change to the previously adopted measure that reduces the rate or term of the tax in the measure and thereby reduces the total amount of tax that would be collected under the measure,or substantially reduces the cost to the School Board of any bond or debt obligation to be incurred by the School Board.
BOND SALES
If approved by the electorate, the School Board shall adopt a resolution providing for the issuance of school bonds within a particular bonding district. Said issuance of bonds shall prescribe the form and fix the maturities thereof, and provide for the payment of said bonds in principal and interest.
Where securities of the School Board are required by law to be sold at public sale upon sealed bids after public advertisement, the notice calling for bids shall be published two (2) times within a period of not less than five (5) days in a newspaper of general circulation published in the parish. The first publication will be at least seven (7) days in advance of the date scheduled for the reception of bids for the securities. The notices shall also be published one time in either a newspaper of general circulation or a financial journal or newspaper containing a section devoted to municipal bond news published in either the cities of New Orleans Louisiana, or New York, New York, at least forty-eight (48) hours in advance of the date scheduled for the reception of bids for the securities.
Revised: December 9, 2013
Revised: March 2, 2015
Ref: Constitution of Louisiana, Art. VI, Sec. 30, 33
La. Rev. Stat. Ann. §§18:1281, 18:1282, 18:1283, 18:1284, 18:1285, 18:1286, 18:1293, 39:570, 39:1421, 39:1422, 39:1423, 39:1424, 39:1424.1, 39:1425, 39:1426, 39:1427, 39:1428, 39:1429, 42:19.1
Board minutes, 12-9-13, 3-2-15
Acadia Parish School Board