§ 13925 General Obligation Bond Elections

• •If a local district needs money for big things like buying land, building stuff, or paying off old debts, they can ask the people for permission.
• •The district leaders must first decide they need the money and then set up a vote for everyone in the district.
• •The vote is about whether to borrow money by selling bonds (like an IOU) that the district will pay back later.

A school district wants to build a new school because the old one is too small.

The school leaders decide they need money for the new school and set up a vote. The people in the district vote on whether to borrow the money by selling bonds. If most people say yes, the district can borrow the money and build the school.