Introduced
by
To establish that school districts which assume new debt in the form of "Qualified Zone Academy Bonds," a type of federally subsidized borrowing available to schools in low income areas, need not first get approval by voters, and that the debt incurred under such bonds does not apply toward the cap on the maximum amount that school districts are allowed to borrow, which is 5 percent of the state equalized value (SEV) of all the property in the district.
Referred to the Committee on Education
