SB5095 allows school districts to contract indebtedness for school construction without voter approval, with certain conditions.

SB5095 amends the law to allow school districts to contract indebtedness for school construction, modernization, or remodeling without a vote of the qualified electors, subject to certain conditions. The school district must publish notice of intent to issue bonds and hold a public hearing before issuing nonvoted bonds exceeding $250,000. The proceeds from the bonds must be used for construction, modernization, or remodeling of school facilities. The public notice and hearing requirements do not apply to refinancing or refunding of outstanding bonds.

SB5095 allows school districts to contract indebtedness for school construction without voter approval, with certain conditions.

SB5095 amends the law to allow school districts to contract indebtedness for school construction, modernization, or remodeling without a vote of the qualified electors, subject to certain conditions. The school district must publish notice of intent to issue bonds and hold a public hearing before issuing nonvoted bonds exceeding $250,000. The proceeds from the bonds must be used for construction, modernization, or remodeling of school facilities. The public notice and hearing requirements do not apply to refinancing or refunding of outstanding bonds.