§ 92517 Bond Project Maintenance Requirements

• •If a school or university builds something (like a dorm or a library) using borrowed money (bonds), they have to promise to take care of it.
• •They must fix anything that breaks, replace old or broken parts, and keep everything working well.
• •This rule makes sure the building or project stays safe and useful for a long time.

A university builds a new science lab using borrowed money. After a few years, the roof starts leaking, and some lab tables break.

The university must fix the roof and replace the broken tables because they promised to keep the lab in good shape when they borrowed the money.