Iowa HF221 limits the amount of bonds school districts can issue for certain projects to 80% of the project's total cost.

Iowa HF221 introduces a restriction on the issuance of bonds by school districts for specific projects. For projects approved through an election held after July 1, 2025, the total amount of bonds issued cannot exceed 80% of the project's total cost. The remaining 20% must be funded from sources other than the sale of bonds. This bill aims to ensure that school districts do not rely solely on bond sales to finance their projects.

Iowa HF221 limits the amount of bonds school districts can issue for certain projects to 80% of the project's total cost.

Iowa HF221 introduces a restriction on the issuance of bonds by school districts for specific projects. For projects approved through an election held after July 1, 2025, the total amount of bonds issued cannot exceed 80% of the project's total cost. The remaining 20% must be funded from sources other than the sale of bonds. This bill aims to ensure that school districts do not rely solely on bond sales to finance their projects.