§ 13623 Bond Issuance Vote Requirement

• •This law is about voting to allow a special district to borrow money by selling bonds.
• •For the vote to pass, at least two-thirds of the voters in the special district must vote 'yes'.
• •If less than two-thirds vote 'yes', the district cannot borrow the money.

A small town wants to build a new park but needs to borrow $1 million to do it. They ask the voters if they can sell bonds to get the money.

If 100 people vote, at least 67 people (two-thirds) must vote 'yes' for the town to borrow the money. If only 60 people vote 'yes', the town cannot borrow the money.