The Continuation of a One Percent Sales and Use Tax for Educational Purposes -

Shall a special one percent sales and use tax for educational purposes be continued in Rabun County for a period not to exceed twenty (20) calendar quarters beginning upon expiration of the sales and use tax for educational purposes presently in effect, and for the purpose of raising not more than $22,500,000 of net proceeds by said tax, which shall go to the School District for the purpose of (i) adding to, renovating, repairing, improving, and equipping existing school buildings and school system facilities, including athletic and fine arts facilities, (ii) acquiring miscellaneous new equipment, fixtures and furnishings for the school system, including technology equipment, security equipment, band equipment, textbooks, electronic instructional media and other instructional materials, (iii) acquiring school buses and transportation and maintenance equipment, (iv) acquiring, constructing and equipping a new agriculture education farm, and (v) acquiring real estate and conducting site preparation of real estate for school district purposes including but not limited to for use as the future location of the agriculture education farm, and (vi) making payments under the Installment Sale and Use Agreement with Rabun County Building Authority for the purchase of an elementary school (the maximum aggregate amount of such payments not to exceed $3,600,000), with the maximum cost of the projects described in items (i) (iv) payable from said tax being $22,500,000, (vii) paying any general obligation debt of the School District issued in conjunction with the continuation of said sales and use tax, and (viii) paying expenses incident to accomplishing the forgoing. If the continuation of the tax is approved by the voters, such a vote shall also constitute approval of the issuance of general obligation debt of Rabun County School District in the principal amount of $8,000,000 for the purposes of the Rabun County School District described in items 9i) -(v) and (viii) above and for the purpose of a payment of a portion of the interest on such debt.