The bill amends the Revised School Code of Michigan, specifically section 1351a, to clarify the borrowing and bond issuance capabilities of school districts. It stipulates that school districts, including community districts, are prohibited from borrowing money and issuing bonds for certain technology-related expenses, such as upgrades to operating systems, media, and training. However, the bill allows for borrowing to cover costs associated with purchasing, remodeling, and equipping school facilities, as well as acquiring technology, with specific exclusions for certain consumables and repairs.

Additionally, the bill introduces new definitions and clarifications regarding what constitutes "technology" and outlines the requirements for independent audits of bonding activities. It emphasizes that bond proceeds must be used for capital expenditures and not for maintenance costs. The bill also grants residents of school districts the right to sue to enforce these provisions, ensuring accountability in the use of bond funds. Overall, the amendments aim to provide clearer guidelines for school districts in managing their financial resources while ensuring that funds are used appropriately for educational purposes.

Statutes affected:
House Introduced Bill: 380.1351