§ 50736 Bond Issuance Terms Authority

• •The board can issue bonds in different groups or series.
• •Each group of bonds can have different rules, like different interest rates or due dates.
• •Not all bonds in the same issue have to be the same; they can have different terms and conditions.
• •The board decides the rules for each group of bonds before they are issued.

Imagine a school district needs money to build new schools. They decide to issue bonds to raise the money.

The school board can create different groups of bonds. One group might have a lower interest rate but take longer to pay back, while another group might have a higher interest rate but be paid back sooner. This way, they can attract different types of investors.