Concerning school districts' authority to contract indebtedness for school construction.

Summary

The bill expands a district’s ability to borrow money for school construction, modernization, or property purchases without needing a direct voter approval. Districts must have a levy approved for repayment, must not have been under binding conditions for three years, and must postpone state aid for two years. For bonds over $250,000, the district must publish notice and hold a public hearing before proceeding.

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