§ 13376 Bond Referendum Procedures

• •The board can decide to issue bonds (like borrowing money) after they vote on it.
• •People can challenge this decision if they don’t like it (this is called a referendum).
• •The board can borrow money more than once if they need to.
• •There’s no limit to how many times they can do this.

Imagine your town needs money to fix all the potholes on the roads.

The town leaders can vote to borrow money (issue bonds) to pay for the repairs. If some people in town don’t like this idea, they can try to stop it by collecting signatures and forcing a vote. The town can also borrow money again later if more roads need fixing.