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Committee approves cap on education service district bonded indebtedness, allows funds to be used for component districts
3406745 · May 19, 2025
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Summary
House Bill 2,514, establishing a 7.95% cap on aggregate bonded indebtedness for education service districts and allowing bond proceeds to be used by component school districts under an amendment, was moved to the Senate floor after the committee approved an A2 amendment.
The Senate Education Committee on Monday approved House Bill 2,514 as amended, reporting the measure to the floor with a due-pass recommendation. The bill would limit the aggregate principal amount of bonded indebtedness for education service districts (ESDs) to 7.95% of the real market value of taxable…
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