OLIVE — Voters in the Olive Public School District will decide two bond propositions during the June 16 election, with one measure focused on facility improvements and the second addressing student transportation needs.
According to information released under Oklahoma's Bond Transparency Act, Proposition One would authorize the district to issue bonds totaling one-million dollars for district-wide construction, repair, remodeling, equipment purchases, and other improvements as needed. The primary project identified in the proposition is the remodeling of school bathrooms.
Proposition Two would authorize the district to issue bonds totaling $150,000 for the purchase of vehicles used for pupil transportation. Any bonds issued under the proposition would mature within five years.
Under Oklahoma law, school bond propositions must receive a supermajority of votes or at least 60 percent voter approval to pass.
School bonds are commonly used by Oklahoma districts to fund capital improvements and major purchases that cannot be paid for through a district's general operating fund. Bond proceeds may be used for construction, renovation, equipment and transportation projects but cannot be used for salaries or routine operating expenses.
The Bond Transparency Act filing also reveals that approximately $800,000 in principal will remain from an outstanding general obligation bond approved for by voters in 2023. Bond projects from the $1.1-million approval, at that time, resulted in campus improvements, technology purchases, athletic facility upgrades, transportation vehicles, and other district-wide maintenance projects. On June 16 polls will be open from 7 a.m. to 7 p.m. on Election Day. Voters can review their sample ballot and polling place information through the Oklahoma Voter Portal.