§ 6791 Bond Fund Use Restrictions

• •Money in the bond fund can only be used to pay back the bonds and their interest.
• •This money cannot be moved to any other fund or used for anything else.
• •If there are old bonds from a smaller district that is now part of a bigger district, this money can also be used to pay those old bonds.

Imagine your school district has a special piggy bank to pay back money it borrowed to build a new school.

The money in this piggy bank can only be used to pay back what was borrowed and the extra cost (interest). It cannot be used to buy new computers or pay teachers. If a smaller school joins your district and still owes money, this piggy bank can also help pay that back.