§ 9489 Bond Redemption Sinking Fund

• •This law says that when you pay for something (like a fee or tax), extra money can be added to that payment.
• •The extra money is saved up to pay back a big loan (called bonds) when it's due.
• •A group (called the board) decides how much extra money is needed.

Imagine you pay a fee every year for your trash pickup.

The city might add a little extra to your bill each time. This extra money gets saved up so the city can pay back a big loan they took out to buy new trash trucks.