Relating to a prohibition on the guarantee of public school bonds.

HB 5035 prohibits school districts and charter districts from using permanent school fund money to guarantee or underwrite their bonds. This directly affects public school districts and charter districts that seek to issue bonds for facilities or operations. The bill amends Education Code Section 45.052 to state that such bonds "may not be guaranteed" by the permanent school fund, while allowing bonds approved before September 1, 2025, to remain valid until maturity. The bill also includes minor conforming changes to education code sections related to charter school funds and bond reserves.