A bill for an act relating to the issuance of bonds by school districts by limiting the amount offered for sale.

HF 221 limits school districts' bond issuances for capital projects approved after July 1, 2025, to 80% of the project's total cost. This means districts must cover the remaining 20% of project expenses through non-bond funding sources, such as existing reserves or other revenue streams. The bill directly affects school districts planning new construction or major improvements, requiring them to secure alternative funding for a portion of project costs rather than relying solely on bond sales. It applies specifically to projects where voter approval occurs after the specified date.