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2014 House Bill 5437: Authorize 5-mill "sinking fund" property tax for school buses
Introduced by Rep. Robert Kosowski (D) on March 27, 2014
To allow school districts to use a “sinking fund” property tax to buy school buses. Under current law, schools may levy up to 5 mills for 20 years for a “sinking fund,” which is a permanent fund that may only be used only for land purchases and the construction or (major) repair of school buildings.   Official Text and Analysis.
Referred to the House Education Committee on March 27, 2014