The bill allows a school district board of education (school district)
to submit to the eligible electors of the district the question of contracting a bonded indebtedness for capital construction or land and facilities needs of an institute charter school located within the school district if:
•
The school district, in the school district's sole discretion, has approved support for the institute charter school's capital construction or land and facilities needs; and
•
The school district has obtained security or assurances, if any, regarding its interest in the land or facilities of the institute charter school that the school district retains.
