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AGO Opinions with Topic: NONHIGH PARTICIPATIVE FINANCE PLAN
AGO 1963 No. 30 >  June 5, 1963
SCHOOLS - COUNTY COMMITTEE ON SCHOOL DISTRICT ORGANIZATION - STATE BOARD OF EDUCATION - NONHIGH PARTICIPATIVE FINANCE PLAN - AMOUNT TO BE RAISED BY NONHIGH DISTRICT IN EXCESS OF BONDING CAPACITY - EXCESS LEVIES
SCHOOLS ‑- COUNTY COMMITTEE ON SCHOOL DISTRICT ORGANIZATION ‑- STATE BOARD OF EDUCATION ‑- NONHIGH PARTICIPATIVE FINANCE PLAN ‑- AMOUNT TO BE RAISED BY NONHIGH DISTRICT IN EXCESS OF BONDING... Under chapter 28.56 RCW a county committee on school district organization may propose and the state board may approve a nonhigh participative plan which is equitable notwithstanding the amount of money to be raised by a nonhigh district as its share in the building program may be greater than the amount of money which could be raised by the district solely by the issuance of bonds.  Where the bonding capacity is reached, any additional amount required must be raised by an excess levy.  RCW 28.56.050.
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