The Los Angeles Community College District Board of Trustees plans to ask voters to approve $3.5 billion of general obligation bonds on Nov. 4.
The college system, which serves about 115,000 students, received voter approval for a total of $2.2 billion of bonds in elections in 2001 and 2003. Construction on ths projects is still underway.
The trustees approved the new bond election at a meeting Wednesday, but they did not specify which of the projects on their $3.9 billion wish list will be put to voters.
The board must narrow its plans by August, said district spokeswoman Lynn Winter Gross. The referendum must be approved by 55% of district voters to pass.
The projects will be spread across the system’s nine Los Angeles County colleges, which include Los Angeles City College, Pierce College in the San Fernando Valley, and Mission College in the San Gabriel Valley.
The system sold $400 million of general obligation bonds in 2007. Its underlying ratings on the insured deal were AA from Standard & Poor’s and Aa2 from Moody’s Investors Service.
— Andrew Ward
