AI-generated summary. We recommend consulting the bill text for important decisions.

When a Utah school district wants to build or remodel a school building, this bill requires it to first put a general obligation bond — a voter-approved borrowing measure — on the ballot before it can instead use a lease revenue bond, which is a financing tool that doesn't require voter approval. The bill also creates a new prohibition barring school districts from entering into public-private partnerships (arrangements where a private company shares in the financing, ownership, or operation of a public project) to build or fund school facilities.