§ 26483 Bond Fund Investment Rules

• •Extra money in a special fund (like for building things) can be invested in safe things like bonds.
• •The money made from these investments goes back into the same fund.
• •There might be some rules about how this money can be invested, depending on the original agreement.

A city has extra money left in a fund meant for building a new park.

The city can invest this extra money in safe things like government bonds. Any money earned from these investments goes back into the park fund. But they have to follow any rules set when they first got the money for the park.