§ 26316 Revenue Bond Issuance Rules

• •The board decides when and how to give out revenue bonds.
• •Revenue bonds are like loans the government takes to build or fix things, and they pay it back with money from that project.
• •The board makes the rules for how these bonds are given out.

A city wants to build a new park but doesn't have enough money right now.

The city board can decide to issue revenue bonds to get the money. They will pay back the loan using the money made from park fees or other park-related income.