(1) A school
district other than a school district under ch. 119, Stats., shall meet all of
the following requirements to receive an amount equal to 20% of the annual SAGE
related debt service cost on bonds:
(a) On or
after October 29, 1999, the school board shall adopt an initial resolution
under s.
67.05(6a),
Stats., for issuance of bonds where the purpose for borrowing includes
providing funds for classroom expansion necessary to fulfill a contract under
s.
118.43,
Stats. The school board shall submit a copy of the resolution to the department
as required under s.
120.115(1) (a), Stats. The resolution shall include all
of the following:
1. The total amount to be
borrowed.
2. The amount of
borrowing proceeds that will be used for SAGE classroom expansion.
(b) A copy of the resolution
submitted under par. (a) shall be accompanied by a statement signed by the
school board president and school board clerk on a form provided by the
department identifying the amount of the bond proceeds that are required for
SAGE classroom expansion by construction or renovation and the related
furnishing and equipping of the classroom. The department shall approve or
disapprove the amount identified as being necessary to fulfill a contract under
s.
118.43,
Stats. Before making a decision regarding approval or disapproval of the
amount, the department may require the district to furnish additional
documentation from a 3rd party as to the reasonableness of the amount
identified for SAGE purposes. The department shall issue a decision in writing
to the school district after receiving all requested information within 10
working days of receipt of the information.
Note: PI-7205 SAGE Classroom Expansion, Application for State
Aid, may be obtained at no charge from the Department of Public Instruction, P.
O. Box 7841, Madison, WI 53707-7841.
(c) Within 10 days after holding the
referendum authorizing the school district to incur debt on the initial
resolution, the school board shall notify the department of the approval or
rejection of the referendum as required under s.
120.115(1) (b), Stats.
(d) Within 10 days after adopting or revising
a schedule for the payment of debt service under this subchapter, the school
board shall submit the schedule to the department.
(2) If an initial resolution was adopted on
or after October 29, 1999 but did not meet the requirements under sub. (1), the
school board may adopt a supplemental resolution prior to the referendum
election to amend the initial resolution to fulfill the requirements of sub.
(1) and of s.
67.05(6a),
Stats.
(3) A school board shall
hold a referendum before June 30, 2001, in order to receive aid under this
subchapter.
