Shall North Monterey County Unified School District issue $15 million in bonds at legal interest rates, with annual audits of expenditures, to build a middle school for students in grades 7 and 8, and refurbish schools over 30 years old? State matching funds are anticipated:50% for the middle school and 80% for refurbishing. Refurbishing projects may include roofs, heating, plumbing, and sewer systems, restrooms, lighting, doors, windows and ceilings, floors, painting, handicapped access and electrical upgrades.