The following chart identifies the basic differences between the prior bond law and Proposition 39.
| Prior Bond Law | Prop. 39 Bond | |
|---|---|---|
| Specific Project list | Voluntary | Mandatory |
| Oversight Committee | Voluntary | Mandatory |
| Annual Audits | Voluntary | Mandatory |
| Permissible Use | Acquisition and improvement of real property (includes land and portables but not furnishings and equipment) | Acquisition and construction of school facilities and furnishings, equipping and leasing of school facilities |