§ 16571 District Bond Issuance Authority

• •School districts can borrow money when they need it.
• •They can take on debt, like when you owe someone money.
• •They can issue bonds, which are like IOUs to pay back later.

A school district needs money to build a new school but doesn't have enough right now.

The district can borrow money by selling bonds. People who buy the bonds are lending money to the district, and the district promises to pay them back later with a little extra.