Education: school districts; requirements for borrowing money and issuing bonds; modify. Amends sec. 1351a of 1976 PA 451 (MCL 380.1351a).

HB 4818 amends Michigan school district bonding rules to clarify what bond proceeds can fund. It prohibits using bonds for technology-related expenses like software upgrades, training, maintenance, consumables (e.g., ink, toner), or repairs outside warranties. School districts can still use bonds for physical infrastructure - such as building construction, buses, athletic fields, or facility upgrades - but only for the initial purchase and setup of technology hardware and software, as narrowly defined in the bill. The amendment also requires independent audits of bond spending within 120 days of project completion.