To improve local neighborhood elementary, middle/high schools, make funds available to attract/retain quality teachers and offset State cuts, repair/replace aging heating, plumbing and wiring, install educational classroom technology, improve utility and energy efficiency to save money for academic programs, improve school/student safety, acquire, repair, construct, and equip classrooms/sites/school facilities, shall Monterey Peninsula Unified School District issue $110,000,000 in bonds at legal rates, with citizen oversight, annual audits and NO money for administrator salaries?