10-12-43. The governing body of the school district may raise additional revenues for general fund purposes only, from property tax through the imposition of an excess tax levy. The governing body of a school district may impose the excess tax levy with an affirmative two-thirds vote of the governing body on or before July fifteenth of the year prior to the year the taxes are payable. On any excess tax levy approved after July 1, 2002, the governing body of the taxing district shall specify in the resolution the year or number of years the excess tax levy will be applied. The requirements for an announcement made pursuant to this section are as follows: (1) The decision of the governing body to originally impose or subsequently increase an excess tax levy shall be first published within ten days of the decision; (2) Publication shall be made at least twice in the legal newspaper designated pursuant to § 13-8-10, with no fewer than five days between publication dates, before the opt out takes effect; (3) The announcement shall be at least three newspaper columns in width and four inches in length or at least one-sixth of a page in size, whichever size is greater; (4) The announcement shall be headed with the following statement in a typeface no less than eighteen point type: "ATTENTION TAXPAYERS: NOTICE OF PROPERTY TAX INCREASE OF $(fill in amount)." The remainder of the announcement shall consist of a reproduction of the "Resolution for Opt Out," including the amount that property taxes will be increased annually by the proposed opt out and a statement of the right to refer the decision of the board to a vote of the people as provided in this section. The secretary of revenue, in rules promulgated pursuant to chapter 1-26, shall prescribe a uniform form to be used by the school district for notification of taxpayers as required by this section. However, section.However, the requirements of subdivisions (3) and (4) shall be waived if: (A) The opt out is for less than fifteen thousand dollars; or (B) A copy of the resolution for opt out is mailed to every property taxpayer in the local 31 governmental unit, by first class mail or bulk mail, within twenty days of the 32 decision to opt out; and 33 (C) A copy of the resolution for opt out is printed in each official newspaper in the local governmental unit's boundaries. For the purposes of subsections (A), (B), and (C), the first publication is not deemed to have occurred until three days after the mailing is sent or the resolution is delivered to the official newspaper. The opt out decision may be referred to a vote of the people upon a resolution of the governing body of the school district or by a petition signed by at least five percent of the registered voters in the school district and filed with the governing body within twenty days of the first publication of the decision. The referendum election shall be held on or before October first of the year prior to the time the taxes are payable. The board of a school district may, by resolution, impose an excess tax levy to raise additional revenues from property tax for general fund purposes only. The board may impose the excess tax levy with an affirmative vote of at least two-thirds of the members on or before July fifteenth of the year prior to the year the taxes are payable. The board shall specify in the resolution the year or number of years the excess tax is to be applied. The decision of the board to impose or increase an excess tax levy must first be published in the district's legal newspaper, as designated pursuant to § 13-8-10, within ten days of the board's decision. The board must publish at least two additional notifications in the district's legal newspaper, the last of which must be published not more than seven days before the excess levy takes effect, provided that there are at least five days between the publication of the two notices. Each notice must: (1) Contain the following headline in a typeface no less than eighteen-point type: "ATTENTION TAXPAYERS: NOTICE OF PROPERTY TAX INCREASE OF $(fill in amount)"; (2) Consist of a reproduction of the "Resolution for Opt Out," including the amount by which property taxes are to be increased annually by the proposed opt out; and (3) Include a statement of the right to refer the decision of the board to a vote of the people, as provided in this section. The board is not required to meet the formatting and content requirements required by subdivisions (2) and (3) if the excess tax levy is for less than fifteen thousand 31 dollars or if the board has, within twenty days of the decision to impose the excess tax 32 levy, mailed to every property taxpayer in the district, by first class or bulk mail, a copy 33 of the resolution authorizing the excess tax levy and if a copy of the resolution is published 34 in each newspaper within the school district, as established in § 17-2-2.1. The additional 35 notices must be published at least three days after the mailing is sent or the resolution is delivered to the official newspaper, whichever is later. The registered voters of a school district may refer a resolution adopted by the board of a school district to impose an excess tax levy by filing a petition with the business manager of the school district. The petition must be signed by at least five percent of the registered voters of the school district, based on the total number of registered voters of the school district, within forty-five days of the adoption of the resolution. The referendum election must be held on or before October first of the year prior to the time the taxes are payable. The business manager shall give notice that the question is to be on the ballot at the next scheduled election or at a special election called for that purpose, as provided by chapter 13-7, and prepare official ballots according to the provisions of this chapter. The secretary of the Department of Revenue shall promulgate rules, pursuant to chapter 1-26, prescribing the form to be used by the school district for notification of taxpayers, as required by this section. 14