Proposing a constitutional amendment appropriating certain surplus revenue for school district bond debt.

HJR 76 proposes a constitutional amendment to allocate surplus state revenue toward school district bond debt. It would direct half of estimated general revenue surplus from the 2025-2027 biennium and half of the unobligated economic stabilization fund balance (as of Sept. 1, 2025) to school districts. Funds would be distributed based on student enrollment of lawfully present students, requiring districts to first pay bond debt service (prioritizing highest interest rates) and prohibiting new ad valorem tax bonds for 10 years after accepting funds. The amendment must be approved by voters in the November 2025 election.