Relating to the date for an election to authorize the issuance of certain indebtedness by school districts

25 percent of the assessed value of the taxable property, school districts are authorized in Code chapter 296 to contract indebtedness up to percent of the actual value of the taxable value and to issue general obligation bonds to provide funds to defray the cost of purchasing, building, furnishing, reconstructing, repairing, improving or remodeling a schoolhouse or schoolhouses and additions thereto, gymnasium, stadium, field house, school bus garage, teachers’ or superintendent’s home or homes, and procuring a site or sites for such buildings, or purchasing land to add to a site already owned, or procuring and improving a site for an athletic field, or improving a site already owned for an athletic field. This bill limits elections for the contracting of indebtedness and the issuance of bonds by school districts under Code chapter 296 to only being conducted on the regular school election date, which is the first Tuesday after the first Monday in November in each odd-numbered year. However, if the purpose of contracting indebtedness or issuing bonds is the result of a natural disaster, the bill authorizes the election to be held on any date authorized for school district special elections.