To enable the San Miguel Joint Union Elementary School District to finance the costs of acquiring and constructing a new elementary school in the Heritage Ranch area, a gymnasium at Larsen Elementary School, and other school Improvements, including to obtain release of a $1, 646,431 State grant committed to the new school, and $764,754 of State grants for Larsen Elementary School, shall the District issue $3,850,000 of bonds bearing interest at lawful rates?