§ 92435 University Revenue Bonds

• •The regents can sell special bonds to get money for building or improving things like schools or land.
• •The money from these bonds can also be used to pay off old debts for these projects.
• •These bonds are like loans that will be paid back later.

A university wants to build a new science building but doesn't have enough money.

The regents can sell bonds to get the money needed to build the science building. Later, the university will pay back the money from these bonds.