ID H0308

Repeals Section 34-439 of Idaho Code and replaces it with new disclosure requirements for bond elections.

Requires taxing districts proposing bonded indebtedness to provide a brief official statement in simple, understandable language including the specific purpose, facility/project description, election date, and principal bond amount.

Mandates disclosure of the anticipated interest rate and maximum interest rate if specified, plus the total amount to be repaid over the bond's life broken into principal, interest, and combined totals.

Requires disclosure of the bond repayment timeline in months or years and the taxing district's total existing indebtedness including accrued interest.

Makes the official statement part of the ballot and official election notice, and declares the act effective immediately upon passage and approval.