PROP TX-DEBT SERVICE EXT BASE

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for school districts that (i) do not otherwise have a debt service extension base, (ii) were organized after October 1, 1991 as a result of the consolidation of not less than 3 school districts, at least one of which provided education to not less than 150 dependents of United States military personnel at the time of the consolidation, and (iii) provide education to not less than 150 dependents of United States military personnel at some time during calendar year 2009, "debt service extension base" means an amount equal to that portion of the extensions for the 1994 levy year constituting extensions for payment of principal and interest on bonds issued without referendum (but not including excluded non-referendum bonds) by the school districts that consolidated to form the new school district.