§ 5884 County Improvement Bond Issuance

• •Counties can sell bonds to get money for projects.
• •Bonds can't be sold for less than their face value.
• •The money from selling bonds must go into a special fund.
• •The money can only be used for the project the bonds were meant for.

A county wants to build a new park and needs money to do it.

The county can sell bonds to get the money, but they can't sell them for less than their face value. The money from selling the bonds must go into a special fund and can only be used to build the park.