This bill establishes a new limitation on the issuance of bonds by school districts in Iowa for projects approved at elections held after July 1, 2025. Specifically, it stipulates that the total amount of bonds issued for such projects cannot exceed eighty percent of the total project cost. The remaining twenty percent must be funded through sources other than bond sales.

The intent of this legislation is to ensure that school districts do not rely solely on bond sales for funding their projects, thereby promoting a more diversified funding approach. This change aims to enhance fiscal responsibility and accountability in the management of school district finances.