Bill > S4064

This bill amends existing law to lower the required threshold for school districts to achieve savings when refinancing their outstanding debt, a condition for receiving state aid. Previously, school districts were required to refinance debt if they could achieve a three percent net present value savings, meaning the future value of the savings from refinancing was at least three percent of the original debt's value. This bill reduces that requirement to a two percent net present value savings threshold, making it easier for school districts to refinance their debt and potentially realize savings sooner.