§ 90030 Bond Issuance Limitations Clause

• •A contract can say a group can't borrow more money for a project.
• •This rule stops them from taking on too much debt for building or buying things.
• •It only applies to the specific project mentioned in the contract.

A school wants to build a new playground.

The school signs a paper saying they won’t borrow more money for this playground. If they try to take another loan for the same playground, they can’t because of this rule.