§ 54380 Local Agency Bond Approval

• •A local government can ask voters if they want to borrow money (issue bonds) for big projects.
• •The money can be used to buy, build, or fix things like parks, roads, or buildings.
• •The government must hold a special vote to decide this.
• •The vote only happens if the local leaders agree to ask the voters.

Your town wants to build a new community pool but doesn’t have enough money.

The town council can decide to ask voters in a special election if they agree to borrow money (by issuing bonds) to pay for the pool. If most voters say yes, the town can borrow the money to build it.