Bill Summary: ENGR. H. J. R. NO. 1092

• Proposes amendment to Section 26, Article X of Oklahoma Constitution to allow school districts to issue bonds for secure facilities (personal safety areas within, below, or near schools)

• Bonds would require approval by three-fifths (3/5) of voters in each school district and could not be submitted more than once, with deadline of November 4, 2019

• Bond debt counts toward the 10% indebtedness limit, but if approved, district can still issue bonds even if exceeding 10% threshold; district must then reduce total debt below 10% before issuing other debt

• Maximum maturity period for bonds would be 25 years, with annual sinking fund millage rate established to cover principal, interest, and associated costs

• Directs Secretary of State to refer amendment to voters with specified ballot title explaining the proposal and voting process