permanent school fund; distribution; uses

SCR 1032 is a proposed constitutional amendment (requiring voter approval) that changes how Arizona's Permanent School Fund distributes money. It prioritizes using fund earnings to pay debt service on existing school facility bonds before funding new projects, starting in fiscal year 2026-2027. Any remaining funds after bond payments and new facility appropriations must be deposited into the Classroom Site Fund. This bill directly affects Arizona public schools and school districts by altering the flow of state education funding. It does not change the fund's composition but modifies distribution rules for existing and future school capital projects.