School Board Creates Panel to Oversee Possible Bond Funds
The Los Angeles Board of Education unanimously created a panel Monday to oversee the spending of $2.4 billion if the school bond measure on November’s ballot receives the required two-thirds support.
Because the bonds would be sold over the course of nine years, the board named five agencies, each of which would select representatives to fill the slots.
The bond would pay for repairs and some new construction in the 650-campus district. Controversies over favoritism and financial management led the board to suggest an oversight panel in an attempt to increase voters’ confidence.
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