§ 19955 Library Bond Fund Use

• •Money from selling special bonds goes into a fund called the California Library Construction and Renovation Fund.
• •This fund is always available to be used, no matter the time of year.
• •The money doesn't disappear at the end of the year; it stays there until it's needed.

Imagine your school needs a new library, but it's expensive to build.

The state sells special bonds (like IOUs) to get money. That money goes into a special fund just for building or fixing libraries. The fund doesn't close at the end of the year, so the money is always ready to use when a library needs repairs or a new building.