§ 120473 Bond Sale Proceeds Use

• •The board can sell bonds or notes they bought earlier.
• •They must sell them at the right time to use the money for the original purpose.
• •The money from selling must go to the same thing it was meant for when they first bought the bonds.

Imagine the board bought bonds to save money for building a new school.

If they sell those bonds later, they have to use that money for the school, not for something else like fixing roads.