By approval of this proposition by at least 55% of the registered voters voting on the proposition, the Santa Maria-Bonita School District (the "District") shall be authorized to issue and sell bonds of up to $45,000,000 in aggregate principal amount to provide financing for the specific school facilities projects listed under the heading entitled "BOND PROJECT LIST" below (the "Bond Project List"), and qualify to receive State of California 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 Santa Maria-Bonita School District (the "District") shall be authorized to issue and sell bonds of up to $45,000,000 in aggregate principal amount to provide financing for the specific school facilities projects listed under the heading entitled "BOND PROJECT LIST" below (the "Bond Project List"), and qualify to receive State of California matching grant funds, subject to all of the accountability safeguards specified below.