§ 92483 Bond Issuance Costs Coverage

• •Money from selling bonds can be used to pay for the costs of making and selling those bonds.
• •The interest on the bonds can be paid using the money from selling the bonds while the project is being built.
• •After the project is done, the interest can still be paid this way for up to two more years.

A city sells bonds to build a new school.

The money from selling the bonds can be used to pay for the costs of selling the bonds and the interest on them while the school is being built. Even after the school is finished, the interest can still be paid this way for up to two more years.