§ 92518 Bondholder Rights Protection Clause

• •This law lets schools promise to keep bond money safe.
• •Schools must protect the rights of people who buy their bonds.
• •If something goes wrong, the school has to fix it for bond holders.

A school sells bonds to build a new gym.

If the school spends the bond money on something else, they have to make it right for the people who bought the bonds.