A bond is similar to a mortgage.
Bond money is used for one-time expenditures on capital improvements.
Bonds usually pay out in a fifteen year period. In 1998 the voters approved an increase in the leeway. In this past legislative session, House Bill 38 increased the State match on the leeway. The combination of these two actions has favorably affected Alpine District. We believe by phasing in new buildings, the money needed for start up costs will be available with the matching funds.