§ 19722 Bond Election Notice Requirements

• •This law says what must be in a notice about a vote for bonds (like borrowing money for big projects).
• •The notice must tell when and where the vote happens.
• •It must list who is in charge of the vote and what time people can vote.
• •It must say how much money is being borrowed, the interest rate, and how long it will take to pay back (up to 40 years).

Your town wants to build a new school and needs to borrow $10 million to do it. They decide to have a vote so everyone can say yes or no.

Before the vote, the town must send out a notice telling everyone when and where to vote, who is running the vote, what time the voting place is open, how much money they want to borrow ($10 million), the interest rate (like 3% per year), and how long they will take to pay it back (like 20 years).