Attorney General No.
Secretary of State No.
SCHOOL FACILITIES BONDS. LOCAL MAJORITY VOTE. INITIATIVE CONSTITUTIONAL AMENDMENT. Authorizes school districts, county education offices, and community college districts to issue bonds for construction, reconstruction, rehabilitation, or replacement of school facilities (including furnishing, equipping, acquiring or leasing of real property) if approved by majority of voters of applicable district or county. Majority voter approval of bonds authorizes property taxes in excess of 1% of full assessed value in order to pay for school bonds. Prohibits use of bond proceeds for teacher and administrator salaries and other school operating expenses. Accountability requirements include annual public audits on use of bond proceeds. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: The measure would result in major annual increases in local debt service costs for kindergarten thru community college district facilities and annual savings of potentially a similar amount in state debt service costs for kindergarten thru community college district facilities.
Lois Tinson, President California Teachers Association Attn.: Barry Fadem, Bagatelos & Fadem Joseph Remcho, James C. Harrison C/O Remcho, Johansen & Purcell, 220 Montgomery Street, Suite 800, San Francisco, Ca 94104 (415) 398-6230
Failed to Qualify
School Facilities Bonds. Local Majority Vote. California Initiative 831 (1999).