§ 26315 County Revenue Bond Issuance

• •The county can sell special bonds to raise money for projects.
• •These bonds are only paid back using money from the project, not from the county or state.
• •The bonds must clearly say that the county or state is not responsible for paying them back.

A county wants to build a new park but doesn't have enough money.

The county can sell bonds to get the money for the park. The people who buy the bonds get paid back only from the money the park makes, like fees for using the park. The county or state doesn't have to pay if the park doesn't make enough money.