A bill for an act authorizing expenditures from certain funds by small school districts.

HF 113 allows small Iowa school districts (with 200 or fewer students for three consecutive budget years) to redirect leftover funds from specific levy accounts - like the physical plant fund and public education fund - for general district purposes (excluding salaries or benefits) for up to five years. To do this, the school board must first get voter approval through an election requiring at least 60% of votes cast. The bill amends Iowa Code sections 298.3, 298A.6, and 423F.3 to establish this process, including requiring a new election every five years to renew the authorization. This applies only to unspent funds already in those designated accounts.