Relating to an election to approve the issuance of bonds or other debt.

HB 3262 requires a two-thirds majority vote in local elections to approve bond issuances or other debt by municipalities, counties, school districts, or special taxing districts. The bill mandates that ballots for such elections clearly state the specific purpose(s) of the debt, total amount, and confirmation that taxes will cover principal and interest payments. It also requires separate ballot propositions for each distinct project purpose and prohibits combining unrelated projects into a single vote. This change applies to all tax-secured debt obligations (excluding self-supporting projects) and aims to increase voter accountability for local borrowing decisions.