§ 33004 Bond Issuance Hearing Process

• •The board holds a meeting to decide if they should borrow money (issue bonds) for a project that helps a specific group of people.
• •People who care about the project can come to the meeting and share their thoughts.
• •After the meeting, the board votes. They need at least two-thirds of the members to agree to borrow the money.
• •If they decide to borrow, they must say how much money they need, what they will use it for, and how much the whole project will cost.

A neighborhood wants to fix its old, bumpy roads. The city board holds a meeting to decide if they should borrow money to pay for the road repairs.

At the meeting, people who live in the neighborhood can tell the board if they think fixing the roads is a good idea. After listening, the board votes. If at least two-thirds of the board members agree, they decide to borrow the money. They then write down how much money they need, that it’s for fixing roads, and how much the whole repair will cost.