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LWV League of Women Voters of California
Smart Voter
Los Angeles County, CA November 7, 2000 Election
Measure RR
$30M Bonds
Rosemead Elementary School District

2/3 Approval Required

4,387 / 77.81% Yes votes ...... 1,251 / 22.19% No votes

See Also: Index of all Measures

Information shown below: Impartial Analysis |

To make health and safety improvements at every school in the Rosemead School District, make the District eligible for State matching funds, upgrade classroom fire and smoke alarm systems, replace leaky roofs, rewire electrical systems to provide students with access to classroom computers, repair broken sewers, remove asbestos, and repair, rehabilitate, acquire and construct classrooms and other property throughout the District, shall the District issue $30 million of bonds at interest rates below the legal limit?

Impartial Analysis from the County Counsel
Approval of Measure RR would authorize the Rosemead School District to issue $30,000,000 in general obligation bonds.

Funds received from the sale of the bonds would be used for the acquisition and improvement of real property, including upgrading classroom smoke and fire alarm systems, replacing roofs, rewiring electrical systems for access to classroom computers, repairing sewers, removing asbestos, repairing, rehabilitating, acquiring and constructing classrooms and other District property, and making the District eligible for matching State funds

The bonds would be issued and sold at an interest rate not exceeding twelve percent (12%) per annum, and would be repaid over a period not to exceed forty (40) years by a property tax levied upon real property located within the District.

This measure requires a two–thirds (2/3) vote for passage.

NOTICE TO VOTERS: Approval of Measure RR does not guarantee that the proposed project or projects in the Rosemead School District that are the subject of bonds under Measure RR will be funded beyond the local revenues generated by Measure RR. The school district's proposal for the project or projects may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

/s/ Lloyd W. Pellman, County Counsel

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Created: January 9, 2001 02:34
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