§ 11710 State Bond Loan Authority

• •The government can borrow money from the U.S. by selling bonds.
• •These bonds don’t need to be advertised first like usual bonds.
• •The rules for these bonds are mostly the same as other bonds, except for the advertising part.

The state needs money to fix roads but doesn't have enough in its budget.

Instead of waiting to advertise and sell bonds to the public, the state can quickly borrow money from the U.S. government by selling these special bonds.