§ 26444 Bond Security Provisions

• •The board can make sure the bonds are safe.
• •They can set up rules to protect the money from the bonds.
• •This helps make sure the bond money is used the right way.

A school wants to build a new playground and gets money by selling bonds.

The school board can make rules to keep that money safe, like putting it in a special account so it’s only used for the playground.