§ 50794 Surplus Fund Disbursement Rules

• •If there's leftover money after finishing a project paid for by special bonds, it can be used for other allowed purposes.
• •The leftover money can only be spent on things already approved in the rules or the bond agreement.
• •This rule was added in 1957 to handle extra money from these kinds of projects.

A city builds a new park using money from special bonds. After paying for everything, there's $10,000 left.

The city can use that extra $10,000 for other approved things, like fixing playground equipment or planting more trees, as long as it's allowed in the original bond rules.