Increases EDA bonding limit for State share of school facilities projects of SDA districts and school districts other than SDA districts, subject to voter approval.

S 3382 increases the maximum bond amount the state can issue to cover its share of school facility projects in SDA districts (high-need districts) and other school districts. The new limits set $2.9 billion for SDA districts and $1 billion for all other districts (with $50 million reserved for county vocational schools). Voter approval is required before any bonds under these new limits can be issued. This directly affects school districts seeking state funding for building improvements, enabling more resources for facility upgrades while maintaining fiscal oversight.