Iowa HF2192 changes bond election requirements for school districts.

Iowa HF2192 modifies the election requirements for school districts issuing bonds. The bill mandates that a proposition to authorize bond issuance must receive at least 80% approval from voters, up from the previous 60%. If a bond proposition fails, the district cannot submit another for four years. Additionally, the school district must deposit at least 50% of the project cost before calling an election.

Iowa HF2192 changes bond election requirements for school districts.

Iowa HF2192 modifies the election requirements for school districts issuing bonds. The bill mandates that a proposition to authorize bond issuance must receive at least 80% approval from voters, up from the previous 60%. If a bond proposition fails, the district cannot submit another for four years. Additionally, the school district must deposit at least 50% of the project cost before calling an election.