Proposition 430: Special bond election

Shall Pima County Community College District of Pima County, Arizona (the "District"), be allowed to issue and sell general obligation bonds in the principal amount of not to exceed $250,000,000 to provide money for (i) the purchase of land, (ii) the purchase, erection, remodeling or completion of buildings, (iii) the purchase of equipment and facilities for educational or auxiliary purposes of the District, including, but not limited to, the following potential uses:
Train First Responders, including paramedics;
Move Police Headquarters and district-wide services to Downtown Campus;
Modernize student support services areas;
Expand teacher education;
Expand Cyber/Information Technology programs;
Update and improve programs in the Arts;
Modernize Science, Technology, Engineering and Math programs and spaces; and
(iv) paying all architectural, design, engineering, project and construction management costs incurred in connection with the capital projects, (v) paying all legal, financial and other costs in connection with the issuance of the bonds, and (vi) refunding any Bonds of the District issued for such purposes?
The bonds will bear interest at rates not exceeding 10% per year. Interest may be evidenced by separate certificates and will be paid on January 1 and July 1 each year until the bonds mature. The bonds, and any bonds issued to refund the District's bonds, may be sold at prices that include premiums not greater than permitted by law. The bonds may be refunded by the issuance of refunding bonds of a weighted average maturity of less than 75% of the weighted average maturity of the bonds being refunded. Bonds will be in the denominations of $5,000 each or in multiples of $5,000 and will mature on the first day of January and/or July in years determined by the District's governing board. The bonds shall mature over a period of not less than one (1) year or a portion thereof or (i) more than twenty (20) years from the date of their issuance. This issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds.