AN ACT relating to a district board of education's levy of an equivalent tax rate. Amend KRS 132.017 to require a district board of education, when an equivalent tax rate of at least five cents fails to pass pursuant to an election, to levy a rate that produces no more revenue than the compensating tax rate and to wait three years before levying another equivalent tax rate of at least five cents; amend KRS 160.470 to provide an exception to conform.