§ 81909 Bond Revenue Security Provisions

• •This law lets bonds (like loans for big projects) be paid back using money made from those projects.
• •The money used to pay back the loan can come from all or just some of the project's earnings.
• •It’s like using the money from ticket sales to pay back a loan for building a stadium.

A city builds a new toll bridge using a loan (bond).

The city can use the money from tolls to pay back the loan. They don’t have to use all the toll money—just some of it if they want.