This bill amends the election requirements for school districts seeking to issue bonds. It establishes that a proposition for bond issuance by a school district must receive at least 80 percent of the total votes cast in favor to be considered approved, a significant increase from the previous requirement of 60 percent for other local entities such as counties and cities. Additionally, if a bond proposition submitted by a school district fails to achieve the necessary approval, the district is prohibited from submitting another bond proposal for a period of four years.

Furthermore, the bill introduces a new requirement for school districts to designate and deposit an amount equal to or greater than 50 percent of the total cost of the project for which the bonds are proposed before calling an election. This deposited amount must be used solely for the intended project unless the bond proposition fails or is abandoned. The bill also makes corresponding changes to existing legal language regarding the issuance of bonds, ensuring that the vote requirements align with the new stipulations.

Statutes affected:
Introduced: 75.1, 39.2, 296.2