AZ HB2399

Increases the class B bond limit for standard school districts from 5% to 10% of taxable property value or $1,500 per student, whichever is greater.

Increases the class B bond limit for unified school districts from 10% to 20% of taxable property value or $1,500 per student, whichever is greater.

Applies the new bonded indebtedness limits to bonds issued pursuant to elections held before and after the bill's effective date.

Maintains existing requirements that class B bonds cannot be issued until class A bond proceeds are obligated, and total class A and B bonds cannot exceed constitutional debt limits.