Arizona.

The first installment of a $385.8 million general obligation school. bond measure approved by Maricopa' County voters earlier this month will be issued on Feb. 1, officials with the Maxicopa County Community College District said.

The measure, which captured more than 62% of the vote, was the second largest school bond measure approved nationwide on Nov; 8 and the fifth largest bond measure of any type to pass.

College officials said $104.8 million of the voter-approved GO bonds are scheduled. to be sold Feb. 1, with proceeds financing the construction of new buildings, renovation of older buildings, and purchase of high-tech equipment.

The 10-campus, Phoenix-based district will also use the money to fund three satellite education sites to be established within seven years.

The county ballot measure was suppotted by school groups, chambers of commerce, and three property owners associations. Two taxpayer organizalions opposed it.

School officials said the funds are necessary to accommodate the educational needs of the rapidly growing Phoenix area.

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