§ 18511 Bond Issuance Costs Coverage

• •The people in charge can decide to add extra costs to the bonds they sell.
• •These extra costs can include things like legal fees and printing the bonds.
• •The money from selling the bonds can be used to pay for these extra costs.

A school wants to build a new playground and needs to borrow money by selling bonds.

The school can add extra costs like legal fees and printing the bonds to the total amount they need to borrow. When they sell the bonds, they can use some of that money to pay for these extra costs.