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, the bill raises the limit from five percent (5%) to eight percent (8%) of the market value for assessment purposes for elementary school districts that employ at least six teachers or for districts issuing bonds for secondary schools. Other school districts will still be limited to a maximum of two percent (2%) of the market value for assessment purposes. Additionally, the bill declares an emergency, allowing it to take effect immediately upon passage and approval, with retroactive application to January 1, 2025. This change aims to provide school districts with greater financial flexibility in funding their educational facilities through bond issuance.

Statutes affected:
Bill Text: 33-1103