§ 19973 Bond Issuance Authorization Committee

• •The committee decides if they need to sell bonds to do the things listed in Article 2.
• •They can choose how many bonds to sell and when to sell them.
• •They don't have to sell all the bonds at once; they can do it little by little.

Imagine your school wants to build a new playground but doesn't have enough money right now.

The school committee can decide to sell bonds (like IOUs) to get the money. They can sell some bonds now to start building the swings, and then sell more bonds later to add the slides and monkey bars. They don't have to sell all the bonds at once.