§ 17112 Revenue Bond Property Requirement

• •The school district can only sell special bonds to build things on land they already own.
• •If they want to buy something (like a building), they can use these bonds even if it's not on their land.
• •This rule started in 1997 but didn't take full effect until 1998.

A school district wants to build a new playground.

They can only sell bonds to pay for it if the playground is on land the district already owns. If they want to buy a new building that's on someone else's land, they can still use the bonds.