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LWV League of Women Voters of California Education Fund
Smart Voter
Los Angeles County, CA November 4, 2008 Election
Measure CF
School Improvement
Acton-Agua Dulce Unified School District
School Bond - 55% Approval Required

Pass: 3,486 / 55.76% Yes votes ...... 2,766 / 44.24% No votes

See Also: Index of all Measures
Results as of Nov 28 5:11pm, 100.00% of Precincts Reporting (14/14)
Information shown below: Impartial Analysis |

To acquire, construct and improve high school facilities, shall the Acton-Agua Dulce Unified School District be authorized to replace portables with permanent high school classrooms and facilities, construct additional classrooms, including science labs, and qualify for approximately $9,500,000 in State matching funds by issuing up to $13,000,000 in bonds at interest rates within legal limits, with annual audits, a citizens’ oversight committee, and no money for administrator salaries?

Impartial Analysis from Raymond G. Fortner, Jr.
County Counsel
Approval of Measure CF would authorize the Acton-Agua Dulce Unified School District (“District”) to issue general obligation bonds, in an amount not to exceed $13,000,000.

Funds received from the sale of the bonds shall be used for the specific purposes set forth in this Measure including, replacing portables with permanent high school classrooms and facilities, and constructing additional classrooms and science labs. No funds may be used for teacher and administrator salaries or any other school operating expenses.

Independent performance and financial audits will be performed annually to ensure that the funds received from the sale of the bonds are expended as specified in the Measure. All bond expenditures will be monitored by an independent Citizen’s Oversight Committee to ensure that the funds are spent as specified.

The bonds shall bear or accrue interest at a rate not to exceed the legal maximum, presently being twelve percent (12%) per annum. The bonds shall mature and be paid no later than thirty (30) years following their date of issuance. By issuing the bonds the District may be eligible to receive matching state funds.

This Measure requires a fifty-five percent (55%) vote for passage.

   Official Information

Acton-Agua Dulce Unified School District
District Statistics

GreatSchools.net
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