§ 11721 Bond Payment Revenue Security

• •Bonds for a project are paid back only from the project's own money.
• •The state isn't responsible if the project doesn't make enough money to cover the bonds.
• •Other funds set aside for the project can also be used to pay the bonds.

Imagine the state builds a toll bridge and issues bonds to pay for it.

The money to pay back those bonds comes from the tolls people pay to use the bridge, not from the state's general funds. If the bridge doesn't make enough money, the state isn't on the hook to cover the difference.