College of the Canyons received nearly $80 million this month from the sale of general obligation bonds. The money will be used for new buildings and facility upgrades at the Santa Clarita Valley college’s two campuses. The bonds were part of Measure M approved by voters last year. The total value of the bonds is $160 million. The additional bonds will be sold at a later date. Among the work planned for the Valencia campus is a library expansion, updating aging classroom and laboratory facilities and building a new student services building. The proceeds will also provide for permanent facilities at the Canyon Country Campus, which will open in fall in modular buildings. Plans call for six 40,000-square-foot structures to house classrooms, labs and student support facilities.