Amends existing law to revise provisions regarding the issuance of school bonds.

The cost of constructing a new high school has increased by 43.25% over the past six years. Unfortunately, the current bonding capacity of many rural school districts is insufficient to cover the costs of building or replacing their schools, specifically a high school, even when voters approve a bond. This legislation addresses this issue by increasing the bonding capacity from 5% to 8% of the market value for assessment purposes, as outlined in current code. Importantly, this legislation does not alter the process required to pass a bond. Instead, it empowers rural school districts to propose bonds that align with their actual construction needs, providing a realistic path to meet their educational infrastructure requirements.