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LWV League of Women Voters of California Education Fund
Smart Voter
Los Angeles County, CA November 4, 2008 Election
Measure AA
Santa Monica College Career and Educational Improvements
Santa Monica Community College District

School Bond - 55% Approval Required

Pass: 30,232 / 61.47% Yes votes ...... 18,953 / 38.53% No votes

See Also: Index of all Measures

Results as of Nov 28 5:11pm, 100.00% of Precincts Reporting (71/71)
Information shown below: Impartial Analysis |

To improve job and career training, provide for modernization and safety, and increase educational opportunities, shall Santa Monica Community College District issue $295 million in bonds at legal rates to improve student teaching/career training in science, nursing, technology, media, and emerging high-tech fields; construct/equip/modernize math and science laboratories; replace deteriorating buildings; upgrade fire, seismic safety; achieve energy savings; with citizens’ oversight, annual performance/financial audits, with no funds for administration?

Impartial Analysis from Raymond G. Fortner, Jr.
County Counsel
Approval of Measure AA would authorize the Santa Monica Community College District (“District”) to issue general obligation bonds in the amount of $295,000,000.

Funds received from the sale of the bonds would be used for the specific projects certified by the Board of Trustees of the District (“Board”) for developing and implementing the facilities master plans, demolishing temporary and/or obsolete facilities, installing and/or upgrading of emergency lighting, fire alarm and security systems, roadways, walkways, grounds, parking lots, and garages, entrances, and signage for safety and public information, relocating and/or acquiring temporary facilities during project phases, acquiring and/or entering into arrangements for the joint use of land, making site improvements, building infrastructure and/or constructing additional facilities for the purpose of expanding instructional programs to meet future educational demands of the District. No bond proceeds shall be used for administrators’ or teachers’ salaries or any other school operating expenses.

As required by law, the Board has adopted a list of the specific school facilities projects to be funded by the sale of the bonds. The District will cause annual independent performance and financial audits on the expenditure of the bond proceeds. The Board will appoint a Citizens’ Oversight Committee to insure the District’s compliance with authorized expenditures. If the bonds are approved by the electorate, the existing Oversight Committee will be appointed as the new Oversight Committee.

The bonds would be issued for a term not to exceed forty (40) years, and would be issued at an interest rate that does not exceed the legal maximum rate, presently 12% per annum. The bonds would be repaid by a property tax levied upon real property located in the District.

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

Contact FOR Measure AA:
Committee for Safety and Modernization at Santa Monica College
2800 28th Street, Suite 300
Santa Monica, CA 90405
ID# 1268614

Contact AGAINST Measure AA:
Bond Fatigue Committee
2525 14th Street #2
Santa Monica, CA 90405
ID #: 1308818

  Official Information

Santa Monica Community College District
News and Analysis

SMCCD News Release
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