§ 92533 Surplus Revenue Bond Funds

• •After all the money borrowed (revenue bonds) is paid back, any extra money left in the construction fund goes to the regents.
• •The regents can use this extra money for anything that's allowed by law.
• •There might be some rules in the original agreement about how this extra money can be used.

Imagine a school borrows money to build a new gym. After the gym is built and the loan is paid off, there's some money left over.

This leftover money goes to the people in charge of the school (the regents), and they can use it for other school needs, like buying new books or fixing up the playground.