By approval of this proposition by at least 55% of the registered voters voting on the proposition, the San Luis Coastal Unified School District (the "District") shall be authorized to issue and sell bonds of up to $177 million in aggregate principal amounts to provide financing for the specific school facilities projects listed in the Bond Project List below, and in order to qualify to receive State matching grant funds, subject to all of the accountability safeguards specified below. By approval of this proposition by at least 55% of the registered voters voting on the proposition, the San Luis Coastal Unified School District (the "District") shall be authorized to issue and sell bonds of up to $177 million in aggregate principal amounts to provide financing for the specific school facilities projects listed in the Bond Project List below, and in order to qualify to receive State matching grant funds, subject to all of the accountability safeguards specified below.