§ 81926 Trustee Bond Management Duties

• •The board decides what the trustee can and must do with the bonds.
• •The trustee handles selling bonds, paying back the money, and managing the funds that secure the bonds.
• •The trustee also takes care of things like registering bonds and canceling registrations.

A city wants to build a new school but needs money to do it.

The city sells bonds to raise money. The trustee is in charge of selling these bonds, making sure the city pays back the money on time, and managing the money set aside to guarantee the bonds are safe.