Public indebtedness; Bond Issue Proceeds Act; expenditure of certain allocated monies; like-kind projects prohibition; effective date.

HB 1399 requires school districts and other governments issuing bonds that need property tax increases or state credit to clearly detail 70% of bond funds' specific projects and costs in election materials and on their websites. It prohibits substituting approved bond projects with similar ones without voter approval (requiring a 60% vote), and mandates posting project updates online for the bond's duration. The bill limits unallocated funds to 30% of bond proceeds, ensuring most money is tied to specific projects. School districts must provide detailed project descriptions, costs, and updates online before and during bond projects.