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IA SF82
Bill
Status
1/22/2025
Primary Sponsor
Sandy Salmon
Click for details
AI Summary
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School districts must submit bond issuance questions to voters prior to issuing bonds of $5 million or more from the Secure an Advanced Vision for Education (SAVE) fund
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Bonds under $5 million remain subject to voter election only if a petition is received requesting the question be submitted to voters
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Petitions must be signed by eligible electors equal to at least 100 signatures or 30 percent of voters at the last school officials election, whichever is greater
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Approval threshold for bond issuance increases from a simple majority to 60 percent of voters voting on the question
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Elections must be held on dates specified in Code section 39.2, subsection 4, paragraph "d", with notice requirements per Code section 39.5
Legislative Description
A bill for an act relating to elections for bonds issued by a school district in anticipation of revenue.
Last Action
Subcommittee recommends passage.
2/4/2025