wichita.edu
…tangible property in the municipality, and require voter approval by a two-thirds or four-sevenths majority, depending on when the elections are held. General obligation bonds can help distribute infrastructure costs over the life of the asset. Flood risk reduction, and healthy watershed projects provide economic, environmental and quality of life protection…
https://www.wichita.edu/academics/fairmount_las/hugowall/efc/news/meramec-funding-source-pages/general-obligation-bond.php