Section 15-395.01 - Reducing the size of career technical education districtsA. Except as provided in subsection B of this section, to withdraw a school district from a career technical education district, the governing boards of a majority of the school districts participating in the career technical education district shall approve by a majority vote the withdrawal of the school district. If a majority of the school district governing boards approve the withdrawal, the career technical education board shall consider the withdrawal, and to approve the withdrawal the proposed withdrawal must receive the affirmative vote of a majority of the members of the career technical education board. If the career technical education board approves, the question of the withdrawal from the career technical education district shall be submitted to the qualified electors of the school district seeking to withdraw from the career technical education district at the next general election.B. Notwithstanding subsection A of this section, to withdraw a common school district from a career technical education district, the governing board of the common school district that desires to withdraw from the career technical education district shall approve by a majority vote the withdrawal of the common school district. The governing board of the common school district shall notify the governing board of the career technical education district no later than ten days after the governing board of the common school district approves the withdrawal of the district. If the governing board of the common school district that desires to withdraw from the career technical education district approves, the question of the withdrawal from the career technical education district shall be submitted to the qualified electors of the common school district seeking to withdraw from the career technical education district at the next general election. A common school district that is within the boundaries of a union high school district that is a member of the career technical education district is not eligible to withdraw from the career technical education district pursuant to this subsection.C. If the withdrawal of a school district is approved as prescribed in subsection A or B of this section, the qualifying tax rate shall remain in effect for the remainder of the current tax year.D. The school district withdrawn pursuant to this section is not entitled to ownership of any assets held by the career technical education district.E. If a career technical education district from which a school district withdraws pursuant to this section has outstanding bonded indebtedness, the debt shall continue to be levied on taxable property for all bonds issued before the withdrawal of the school district in the same manner as was levied and collected before the withdrawal of the school district.Amended by L. 2018, ch. 311,s. 11, eff. 8/3/2018.