§ 13964 Bond Repayment Fund Transfers

• •If the state lends money to help people, and that money comes from special bonds, the state gets paid back.
• •When the state gets paid back, that money goes into a big pot of money called the General Fund.
• •The money in the General Fund is used to pay back the special bonds the state borrowed.

Imagine the state gives money to help fix roads in a town. That money came from special loans the state took out.

When the town pays the state back for the road fixes, the state puts that money into its big savings account. Then, the state uses that money to pay back its own loans.