§ 75150 Special District Bond Election

• •After a special improvement district is created, the board must hold an election.
• •The election is to ask voters if they want to borrow money (bonds), approve a contract, or add a special tax for the district's purpose.
• •The election must follow the rules for borrowing money.

A neighborhood wants to build a new park but needs money to do it.

The board in charge of the neighborhood must hold a vote. They ask the people living there if they want to borrow money (like a loan) or add a special tax to pay for the park. The vote must follow the rules for borrowing money.