Bill > H0147

This bill amends Idaho Code Section 33-1103 to increase the maximum bond issuance limit for certain school districts from 5% to 8% of their market value for assessment purposes. Specifically, the bill applies to elementary school districts with at least six teachers, or school districts operating both elementary and secondary schools, or those seeking to acquire secondary school facilities. The bill defines key terms such as "market value for assessment purposes" (the most recent equalized assessment of taxable and exempt property), "aggregate outstanding indebtedness" (total unredeemed bonds minus collected funds and tax levies), and "issuance" (formal delivery of bonds to a purchaser). The bill maintains existing requirements that bond elections must be approved by the percentage of votes specified in the state constitution, and the bonds can be issued at any time after the election. The bill declares an emergency and will be retroactively applied to January 1, 2025, effectively giving school districts more flexibility in issuing bonds to fund educational infrastructure and improvements.

Budget and Finance

Education Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0147/