§ 50744 Bond Security Provisions

• •The board can make sure bonds are safe.
• •They can set up rules to protect the money from bonds.
• •This helps make sure the bond money is not lost or wasted.

A city wants to build a new park and sells bonds to get the money.

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