Bill > HB0332

This bill amends existing laws regarding how school districts can finance and build school facilities, primarily by introducing new restrictions and requirements. Specifically, it mandates that a school district must first offer voters the chance to approve a general obligation bond, which is a type of debt backed by the taxing power of the district, before it can issue a lease revenue bond for constructing or renovating school buildings or facilities. A lease revenue bond is a financing tool where a facility is built and then leased back to the entity that will use it, with lease payments used to repay the bondholders. The bill also prohibits school districts from entering into public-private partnerships, which are arrangements where a government entity and private companies share responsibility or risk in developing or operating a public project, to build or finance school projects, with a limited exception. Furthermore, it prevents a local building authority, which is an entity created to help local governments finance public projects, from undertaking a project for a school district if a similar project was previously rejected by the district's voters.

Government Affairs

https://le.utah.gov/~2026/bills/static/HB0332.html