§ 18555 Unused Bond Proceeds Disposal

• •If the library district finishes what the bonds were meant to do, they can ask the county to sell any leftover bonds.
• •The money from selling those leftover bonds can be used for other library projects listed in Section 18510.
• •This rule was added in 1977.

A library district finishes building a new library with bond money but still has some bonds left unsold.

The library district can ask the county to sell those leftover bonds and use the money for other library needs, like buying new books or computers.