§ 90067 Bond Issuance Authorization Procedures

• •The State Treasurer can make and print official money papers like bonds or notes, but only if the board says it's okay.
• •These papers can include contracts or agreements needed to sell or give out these bonds or notes.
• •This rule was made in 1976 and hasn’t changed since.

Imagine the state needs money to build new schools.

The board votes and says, 'Yes, we need to borrow money.' Then the State Treasurer can print special papers (like bonds) to promise to pay the money back later. This is how the state gets the money to build the schools.