§ 16311 Bond Collection Expense Reimbursement

• •The Treasurer can pay for costs to collect bonds and bond coupons.
• •If the money from these collections goes to a special fund, the costs come out of that special fund.
• •The special fund then gives that money back to the General Fund.

The state collects money from old bonds to pay for a new school.

If it costs money to collect those bonds, that cost comes out of the school fund. Then, the school fund gives that money back to the state's main money pot.