§ 26328 Bond Issuance Limitations Clause

• •A contract can say a group can't borrow more money to build or fix something.
• •This rule is about stopping extra loans for projects.
• •It helps control how much money is spent on big projects.

A school wants to build a new playground but already has a loan for it.

The school's contract might say they can't take out another loan to finish the playground, even if they need more money.