The school district governing board may hold a bond election for such purposes listed in the statutes A.R.S. 15-491. To locate or change the location of school buildings To purchase or sell school sites/lots of buildings To build or renovate school buildings To improve school grounds To supply school buildings with furniture, equipment and technology To purchase pupil transportation vehicles To liquidate any indebtedness already incurred for such purposes To lease for five or more years, as lessor or as lessee, school buildings or grounds For further information on bonds and bond elections, refer to the A.R.S. Title 35, Chapter 3, Article 3.