Kentucky HB 801

Amend KRS 157.615 to define "traditional school building"; amend KRS 157.621 to authorize a school district to levy a $.05 equivalent rate for school districts that meet specific district facilities requirements and other requirements; authorize the school district to levy an additional $.05 equivalent rate if the local board of education determines the first levy is insufficient to achieve facility goals; establishes a termination date for the levies of 25 years; provide equalization of the levy; establish conditions for receiving equalization of the levy; extend equalization of eqeualization funding for critical construction needs levy; amend KRS 160.290 to require a school district to consolidate or modify the attendance zones of a traditional school building with do not meet certain average daily attendance requirements; appropriate $3,500,000 in each year of the 2026-2028 fiscal biennium for the equalization of established levies; effective July 1, 2026; APPROPRIATION; EMERGENCY.