On November 4, 2014, voters passed ballot Measure I, authorizing the issuance of $179,500,000 of general obligation bonds. Measure I was a Proposition bond. The passage of Proposition 39 in November 2000 amended the California Constitution to include accountability measures.
Proposition 39 required that the District establish, populate, and empower an independent citizens’ bond oversight committee. On June 9, 2015, the Board approved the establishment of the Alameda Unified School District Citizens’ Bond Oversight Committee and approved Bylaws which set forth the power and responsibilities of the Committee.
Tonight this committee will present their 2015-2016 annual report.
An election was held in the Alameda Unified School District on November 4, 2014 for the issuance and sale of general obligation bonds of the Alameda Unified School District (the “District”) for various purposes in the maximum amount of $179,500,000 (the “Authorization”).
The Authorization was received under Proposition 39 which requires that the District establish, populate and empower an independent citizens’ bond oversight committee. In connection with the issuance of bonds under the Authorization, the District now wishes to establish the Alameda Unified School District Citizens’ Bond Oversight Committee (the “Measure I Committee”) and approve the Bylaws which set forth the power and responsibilities of the Committee.