This bill proposes to amend current statutes regarding school district bond elections. Under the new provisions, if a school district's enrollment to capacity ratio is less than 50 percent, the governing board would be prohibited from calling an election to either issue new bonds or modify existing bond purposes. This change is aimed at ensuring that bond elections are not held when the district is underutilized, thereby preventing unnecessary financial burdens on taxpayers.

Additionally, the bill clarifies how the enrollment to capacity ratio is calculated, specifying that it is based on the school district's average daily membership from the previous year divided by the capacity of existing school buildings, as determined by the School Facilities Oversight Board (SFOB). The SFOB is also restricted from including leased buildings used for instruction in this calculation. These updates aim to enhance the accountability and efficiency of school district financial decisions related to bonding.

Statutes affected:
Introduced Version: 15-492, 41-5702.01, 15-491, 15-901
House Engrossed Version: 15-492