To repair, construct, acquire, and equip classrooms and other educational facilities, including career technical education; and to reduce borrowing costs, shall $25.5 million of Banning Unified School District bonds, previously approved by voters in November 2006, be reauthorized through the issuance of new bonds, with no increase in total authorized District debt, rates below legal limits, no funds for administrator salaries, independent citizen oversight, annual audits, all funds spent on local schools and not taken by the State?