2007 Senate Bill 367

Change name of “sinking funds”

Introduced in the Senate

March 21, 2007

Introduced by Sen. Wayne Kuipers (R-30)

To allow schools to call sinking funds “infrastructure investment funds” in the ballot language of property tax millage increase requests. The bill would not expand the allowable uses of sinking fund revenue, or raise the current cap of five mills for these property tax levies.

Referred to the Committee on Education