Relating to a prohibition on the issuance of certain bonds by a school district.

HB 302 prohibits Texas school districts from holding bond elections for new debt if existing or proposed bonds would exceed 18% of the district's annual budget. It directly affects school districts by restricting their ability to issue new bonds when debt payments reach this threshold. The law adds a specific 18% budget limit to bond issuance rules under Education Code Section 45.003, applying only to elections ordered after the bill's effective date. This change does not impact existing bond elections or debt already approved before the law takes effect.