§ 9455 Bond Payment Schedule Requirements

• •The bonds must be paid back on either July 1st or January 1st.
• •The payment dates are decided by the board and written in their meeting notes.
• •All the bonds must be paid back within 20 years from when they were issued.

A school district issues bonds to build a new school.

The school board decides the bonds will be paid back on July 1st every year, and all the money must be paid back within 20 years.