Referendums required for certain capital improvement projects by economic development authorities.

HF 3377 requires voter approval (a referendum) before certain capital improvement projects can proceed. It applies to cities and economic development authorities when projects qualify as "capital improvements" under state law and are financed through revenue bonds issued by economic development authorities. Specifically, cities must hold a vote before entering lease-purchase agreements for these projects, and authorities must follow voting rules when issuing bonds for projects leased to cities. The bill does not change existing debt limits but adds a voter approval step for these specific transactions. This directly affects local governments and economic development authorities planning such projects.