§ 101025 Bond Payment Appropriations

• •Money comes from the General Fund in the State Treasury.
• •It covers the bond principal and interest as they become due.
• •It also funds the program in Section 101028, without waiting for a new fiscal year.

The state sells bonds to build a new highway. Every year, money is taken from the General Fund to pay the bond holders the interest and to start paying back the loan, and the same money also goes to the highway‑building program required by Section 101028.

Because of this law, the state doesn’t have to wait for a new budget year; the needed cash is automatically taken from the General Fund to keep the bond payments on time and to keep the highway project moving.