§ 81939 Revenue Bond Security Provisions

• •The board can use money from a project to pay back bonds and interest.
• •They can decide to use all or some of the project's money for this.
• •The money from the project is like a promise to pay back the bonds.

A city builds a new park and sells bonds to pay for it.

The city can use the money from park fees or rentals to pay back the bonds. If they promise to use all the park's money to pay back the bonds, they have to do that.