§ 90037 Trustee Bond Management Duties

• •The board decides what the trustee can and must do with the bonds.
• •The trustee handles selling bonds, paying back the money, and keeping track of them.
• •The trustee also manages any special money set aside to pay back the bonds.

A school needs money to build a new playground.

The school board tells the trustee to sell bonds to get the money. The trustee sells the bonds, keeps track of who buys them, and makes sure the school pays back the money later. They also manage a special savings account to make sure there's enough money to pay back the bonds.