2006 Capitol Construction Bond
- Approved by voters in 2006
A Construction Bond is financed over a long period of time, typically 12 to 20 years and can by law only be used to fund new schools; capital projects such as school modernizations, or the acquisition of property. The funds from a voter-approved bond cannot be used to offset budget reductions in the General Fund budget which funds teachers, textbooks, and other school program support.