HB2719 is a bill that proposes to amend current laws relating to public finance, specifically the process and requirements for local bond elections. The bill seeks to consolidate local bond elections to occur only in even-numbered years and requires a supermajority vote of at least 60 percent for the creation of indebtedness or the issuance of bonds. Additionally, the bill increases the required number of petition signatures to order a bond election from 15 percent to 25 percent of qualified electors.

The bill also includes provisions that exempt charter cities from the new requirements and stipulates that any bond election that would have been scheduled for 2025 must be held no earlier than 2026. The bill makes several technical and conforming changes to existing statutes, including changing the language from "upon" to "on" and "prior to" to "before" in certain sections, and replacing "permitted" with "allowed" and "expend" with "spend" in others. The bill does not apply to charter cities and becomes effective on the general effective date.

Statutes affected:
Introduced Version: 9-524, 15-1465, 16-204, 35-452, 35-453, 35-455, 35-451
House Engrossed Version: 9-524, 15-1465, 16-204, 35-452, 35-453, 35-455, 35-451
Senate Engrossed Version: 9-524, 9-527, 15-1465, 16-204, 35-452, 35-453, 35-455, 35-451