 As a result of that process, Canyons School District received 41 percent of the overall assets, based on student population.Canyons also agreed to pay 58 percent of a $281 million bond debt — incurred in 2003 by the formerly combined district — until 2022.In 2010, voters approved a $250 million bond to build or rebuild aging schools and add cooling systems to schools that did not have cooling systems.