Matched in attachment:
"... The capital outlay and other capitalized expenditures are therefore added back to fund balance
Loss ... Taxes-- Article XIII of the California Constitution (more commonly known as Proposition 13)
limits ad ... The State is prohibited under the Article from imposing new ad
valorem, sales, or transactions taxes ... Certificates of Participation:
2003 Certificates of Participation
2.500-5.125%, due 8/1/2028
Add ... The terms of the loan allow unpaid interest to be added to the outstanding principal. ..."