Bylaws
Overview
In November 2000, California voters passed Proposition 39, which allows property tax increases to pay for school facility bonds by a 55% vote rather than the required two-thirds vote of the local electorate.
Proposition 39 requires school districts to pass school bonds to seat a citizens’ bond oversight committee (CBOC) to assure the community that bond funds are expended in the fashion outlined in the district’s bond resolution.
The CBOC must meet at least once a year and inform the public about the expenditure of bond revenues.
The CBOC shall actively review and report on the proper expenditure of taxpayer money for school construction.
The CBOC only acts as an oversight capacity on all bond related projects and expenditures.
The CBOC’s three key roles and responsibilities are to:
- Inform the public on the district’s expenditures of bond proceeds.
- Review expenditures to assure that proceeds are being spent for projects approved and outlined with the proposition(s).
- Produce and present an annual report to summarize the committee’s proceedings and activities within the prior year.
SOUTH SAN FRANCISCO UNIFIED SCHOOL DISTRICT INDEPENDENT CITIZENS' BOND OVERSIGHT COMMITTEE AMENDED AND RESTATED BYLAWS
Section 1. Committee Established. The South San Francisco Unified School District (the “District”) was successful at the election conducted on November 8, 2022, in obtaining authorization from the District’s voters to issue up to $436,000,000 aggregate principal amount of the District’s general obligation bonds, pursuant to a 55% vote. The election was conducted under Proposition 39, being chaptered as the Strict Accountability in Local School Construction Bonds Act of 2000, at Section 15264 et seq. of the Education Code of the State (“Prop 39”). Pursuant to Section 15278 of the Education Code, the District is obligated to establish an Independent Citizens’ Bond Oversight Committee in order to satisfy the accountability requirements of Prop 39. The Board of Trustees of the South San Francisco Unified School District (the “Board”) hereby establishes the Citizens’ Bond Oversight Committee (the “Committee”) which shall have the duties and rights set forth in these Bylaws.
Section 2. Purposes. The purposes of the Committee are set forth in Prop 39, and these Bylaws are specifically made subject to the applicable provisions of Prop 39 as to the duties and rights of the Committee. The Committee shall be deemed to be subject to the Ralph M. Brown Public Meetings Act of the State of California and shall conduct its meetings in accordance with the provisions thereof. The District shall provide necessary administrative support to the Committee as shall be consistent with the Committee’s purposes, as set forth in Prop 39. The proceeds of general obligation bonds issued pursuant to the Election are hereinafter referred to as “bond proceeds.”