Regular, General Obligation Bond Measures Require a Supermajority of 2/3

question 1

True/False

Regular, general obligation bond measures require a supermajority of 2/3 to pass; however, there is a lower vote threshold for school bonds to pass (55 percent).

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Definitions:

Foreign Ownership

The ownership of a company or property by non-domestic entities or investors, which can have various effects on its operation and strategy.

Federal Government

The national government of a federation, which holds authority over the matters that are not delegated to the constituent units.

Potash Inc.

A company or entity involved in the production or supply of potash, a potassium-containing salt used in agriculture, industry, and other sectors.

Operating Synergy

The cost reductions achieved by economies of scales produced by a merger or acquisition.