77,854 / 65.6% Yes votes ...... 40,861 / 34.4% No votes

See Also: Index of all Measures

If the bond measure is approved, pursuant to sections 15278 and 15282 of the California Education Code, the District has committed to establish an independent citizens' oversight committee.

The number of years over which the whole or any part of the bonds are to mature shall not exceed 25 years (pursuant to the authority of the California Education Code) or 40 years (pursuant to the authority of the California Government Code), from the date of the bonds or the date of any series thereof.

The District has committed that the proceeds from the bonds will be used to prepare students for jobs and four year colleges at Ventura, Moorpark, Oxnard Colleges, Education Centers at Camarillo, Conejo, Santa Paula, Simi Valley by repairing/constructing/equipping classrooms, laboratories, libraries, sites; replacing deteriorating buildings; upgrading fire safety, plumbing, heating systems, electrical wiring for computer technology; and upgrading police/firefighting/nursing/paramedic training centers.

Subject to the provisions of the California Constitution and the California Education Code, an annual tax shall be levied upon the property within the jurisdiction of the District for the interest and redemption of all outstanding bonds of the District. The annual tax shall not be less than sufficient to pay the interest on the bonds as it becomes due and to provide a sinking fund for payment of the principal on or before maturity and may include an allowance for an annual reserve, established for the purpose of avoiding fluctuating tax levies.

Ventura County Star

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