§ 14033 Bond Issuance Authorization Committee

• •A group of people (the committee) decides if they need to borrow money (by selling bonds) to do important things listed in another part of the law (Section 14011).
• •If they decide to borrow money, they also decide how much money to borrow.
• •They don’t have to borrow all the money at once—they can borrow a little bit at a time as they need it.

Imagine your school wants to build a new playground but doesn’t have enough money right now.

A group of teachers and parents (like the committee) would decide if they need to borrow money to build the playground. If they do, they figure out how much to borrow. They might borrow some money now to buy the slides and swings, and then borrow more later to add the monkey bars.