In November 2000, 53.3% of California voters voted yes for Proposition 39, a Constitutional Amendment. This initiative allows property tax increases to pay for school facility bonds by a 55% vote rather than the required two-thirds vote of the local electorate.
Proposition 39 requires school districts that pass Proposition 39 bonds to seat a Citizens’ Bond Oversight Committee (CBOC) to assure the community that bond funds are expended in the fashion outlined in the district’s bond resolution. The CBOC must meet at least once a year and inform the public about the expenditure of bond revenues. The CBOC shall actively review and report on the proper expenditures of taxpayers’ money for school construction.
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