| || |
DIGEST OF INTRODUCED BILL
Referenda for school corporation projects. Requires a local public question, instead of the petition and remonstrance process required under current law, to approve a school corporation's preliminary determination to issue bonds or enter into a lease rental for a controlled project resulting in outstanding obligations exceeding 10% of the school corporation's assessed valuation. Requires a referendum before bonds may be issued or leases may be entered into for the controlled project.