Relating to the eligibility of certain school districts with outstanding debt for the guarantee of a bond by the permanent school fund.

SB 1382 sets a new requirement for school districts seeking to use the permanent school fund to guarantee their bond debt. It prohibits the commissioner from approving such guarantees if a district's total bond debt exceeds $10,000 per enrolled student. This rule applies only to bonds issued on or after September 1, 2025, with existing bonds governed by prior law. The bill directly affects school districts attempting to secure state-backed bond guarantees for new debt.