Bill > SB2533

This bill modifies Mississippi state law to change the voting threshold for school bond issuance from a three-fifths (3/5) majority to a simple majority of qualified electors voting in the election. Specifically, the bill amends two sections of the Mississippi Code (37-59-17 and 37-59-105) to lower the required voter approval for school districts to issue bonds or incur indebtedness. Previously, school districts needed three-fifths of voters to approve bond measures, which meant at least 60% of voters had to vote in favor. Now, the bill reduces this requirement to a simple majority, meaning just over 50% of voters can approve bond issuance. This change could make it easier for school districts to secure funding for infrastructure, improvements, or other capital expenses by lowering the threshold for voter approval. The bill is set to take effect on July 1, 2025, giving local governments and school districts time to prepare for the new voting standard.