§ 51352 Bond Repayment Obligations

• •The agency can sell bonds to get money.
• •The agency must pay back the bonds using its money or things it owns.
• •If the agency promised certain money or things to pay for some bonds, it has to keep that promise.

A city needs money to build a new park.

The city can sell bonds to get the money. The city promises to pay back the bonds using money from taxes or park fees. If the city promised to use park fees to pay for some bonds, it can't use that money for something else.