| DIGEST OF INTRODUCED BILL Referenda for bond issues and lease rentals. Requires lease rentals or bond issues for local capital projects to be approved at a local referendum if the preliminary determination to enter into the lease or issue bonds is made after June 30, 2008. Provides that the petition and remonstrance process applies if the preliminary determination to enter into the lease or issue bonds is made before July 1, 2008. Makes conforming amendments. |