§ 92522 Bond Revenue Trust Requirements

• •This law lets a group (like a school board) make a rule about money they promise to pay back for bonds.
• •The rule can say they must keep the money safe in a special account (like a piggy bank) just for paying back the bonds.
• •They can only use this money for what they promised in the rule, like paying back the loan or saving for emergencies.

A school borrows money to build a new playground and promises to pay it back with money from ticket sales at school games.

The school must keep the ticket money in a special account and can only use it to pay back the loan, not for other things like buying new computers.