AI-generated summary, not yet reviewed by Better Utah staff. Please consult the bill text.

When a Utah school district wants to build, reconstruct, or remodel a school building or facility, current law allows the district to finance the project using a lease revenue bond, a type of borrowing that does not require voter approval. This bill would require a school district to first give voters the chance to approve a general obligation bond — a borrowing measure that must be approved at the ballot box — before the district could instead issue a lease revenue bond for the same project. The bill would also create a new law prohibiting school districts from entering into public-private partnerships, meaning arrangements in which a private company shares in the financing, ownership, maintenance, or operation of a school project, to construct, acquire, improve, extend, or finance school facilities.