§ 20001 Bond Issuance Procedures

• •This law says the state can make and sell special money papers (bonds) to get money for big projects.
• •The rules for how to make, sell, and pay back these money papers are the same as the big rulebook called 'State General Obligation Bond Law'.
• •All the rules from that big rulebook count for these money papers too, even if they're not written here.

The state wants to build a new school but doesn't have enough money right now.

The state can make and sell special money papers (bonds) to people to get the money to build the school. The rules for how to do this are the same as the rules in the big rulebook called 'State General Obligation Bond Law'.