Templeton USD

General Obligation Bond - Measure D

TUSD Measure D Board Resolution

What is a General Obligation Bond?

General obligation (GO) bonds are a type of long-term borrowing that California school districts can use to fund projects such as building new classrooms, renovating existing facilities, and acquiring equipment. The bonds are repaid over many years through semi-annual debt service payments. 

School districts can seek voter approval for GO bonds with either a two-thirds or 55% majority. The 55% "supermajority" vote requires additional accountability measures, such as establishing a committee to oversee the use of funds. From 2001 to 2021, 81% of elections held under the 55% option succeeded, compared to 55% of elections held under the two-thirds requirement from 1986 to 2020.