§ 81938 Bond Issuance Costs Coverage

• •Money from selling bonds can be used to pay for the costs of making and selling those bonds.
• •The interest on the bonds can also be paid using the money from selling the bonds, but only while the project is being built and for up to two years after it's done.

A city wants to build a new park and sells bonds to get the money for it.

The city can use the money from selling those bonds to pay for things like printing the bonds and advertising them. They can also use that money to pay the interest on the bonds while the park is being built and for up to two years after the park is finished.