Certain capital improvement projects by economic development authorities referendums requirement provision

This bill requires public referendums (voting) before certain capital improvement projects can proceed. It directly affects cities and economic development authorities when projects are financed through revenue bonds issued by those authorities. Specifically, cities must hold a public vote before entering lease-purchase agreements for qualifying capital improvements (like buildings or infrastructure) if the project is funded by bonds from an economic development authority. The requirement applies when the project meets specific capital improvement criteria under state law. This change modifies existing statutes to mandate local voter approval for these types of projects.