To construct science, technology, engineering, and mathematics labs, repair or replace leaky roofs, renovate deteriorating plumbing/sewer systems, upgrade inadequate electrical systems, construct, renovate, modernize, equip classrooms, restrooms and other school facilities and to improve the quality of education at local schools; shall Huntington Beach City School District issue $159,850,000 of bonds at legal rates, with annual audits, and have an independent citizens’ oversight committee with no money for administrative salaries or taken by the state?