§ 13171 Bond Interest Payment Rules

• •Money earned from interest on sold bonds must be used for those same bonds.
• •You can't use the interest money from bonds for anything else.
• •This rule helps make sure bond money is used the right way.

A city sells bonds to build a new park and earns interest on that money.

The interest earned from selling those bonds can only be used to pay back the park bonds, not for something else like fixing roads.