This bill amends Section 33-1103 of the Idaho Code, which pertains to the issuance of school bonds. The key change involves increasing the maximum bond issuance limit for certain school districts. Specifically, elementary school districts that employ at least six teachers, or those operating both elementary and secondary schools, can now issue bonds up to eight percent (8%) of the market value for assessment purposes, an increase from the previous limit of five percent (5%). Other school districts are still limited to a maximum of two percent (2%) of the market value for assessment purposes.

Additionally, the bill outlines the process for school districts to submit bond issuance questions to qualified electors, the requirements for conducting elections, and the necessary approvals for bond issuance. The bill also declares an emergency, making it effective immediately upon passage and retroactively applicable from January 1, 2025.

Statutes affected:
Bill Text: 33-1103