§ 6594 Bond Purchase And Resale

• •The government can buy its own bonds if it has the money.
• •It can keep, use as promise, cancel, or sell these bonds again.
• •It must follow any rules made with the people who own the bonds.

Imagine the city issued bonds to build a new park, and now it has extra money.

The city can use that extra money to buy back some of those park bonds. It can then decide to keep them, use them as collateral for a loan, cancel them, or even sell them again later—but it has to follow any promises it made to the people who originally bought the bonds.