HB 1362 Summary

• Permits political subdivisions to hold special elections for local public questions regarding debt issuance for projects if no primary, municipal, or general election is scheduled during the year the question becomes eligible.

• Removes requirement that ballot language include total project cost; requires instead that ballot language include total amount to be borrowed and the debt service property tax rate impact.

• Allows political subdivisions to adopt a resolution applying the local public question process at the same hearing where preliminary bond or lease issuance determination is made, even without a citizen petition.

• Makes technical correction adding the word "of" in references to entering into leases throughout the statute.

• Takes effect July 1, 2013.