UT HB0332

School districts must first seek voter approval for a general obligation bond before issuing a lease revenue bond to finance construction, reconstruction, or remodeling of school buildings or facilities.

School districts are prohibited from establishing public-private partnerships to construct, acquire, improve, extend, or finance school district projects, except as provided under Section 53E-3-507.1.

Local political subdivisions remain subject to the $200,000,000 cap on combined lease revenue bonds within any consecutive three-year period, with lease revenue bonds exceeding $10,000,000 requiring public notice and hearings.

The bill takes effect on May 6, 2026.