School districts in Texas may obtain funds to construct, acquire, or equip school buildings, to purchase necessary sites for school buildings, to purchase new school buses, or to acquire or refinance property financed under a contract entered under the Public Property Finance Act by issuing bonds and assessing annual ad valorem taxes sufficient to pay the principal and interest on the bonds as or before they come due. Bonds may only be issued if approved by district voters in a bond election. Hays CISD engages citizens in the discussions about developing bond initiatives and ensures transparency and community oversight by keeping citizens involved throughout the bond process.