Pass: 27,255 / 70.78% Yes votes ...... 11,253 / 29.22% No votes

See Also: Index of all Measures

Impartial Analysis from Raymond G. Fortner, Jr. County Counsel

Approval of Measure CV would authorize the Centinela Valley Union High School District (“District”) to issue general obligation bonds, in an amount not to exceed $98,000,000.

Funds received from the sale of the bonds shall be used for the specific purposes set forth in this Measure including repairing, acquiring, constructing local schools, sites, facilities, libraries, classrooms, and science/computer labs; ensuring earthquake safety, removing mold and asbestos; upgrading fire safety and security systems, leaky roofs, restrooms, and plumbing, electrical, heating and cooling systems. 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 Citizens’ 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. The Bonds would be issued for a term not to exceed twenty-five (25) years in the case of bonds issued under the authority of the Education Code, and forty (40) years in the case of bonds issued under the authority of the Government Code. By issuing the bonds, the District may be eligible to receive matching state funds.

[ This Measure requires a 55% vote for passage. ]

Centinela Valley Union High School District

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