§ 16726 Bond Proceeds Transfer

• •If the board says the job the bonds were meant for is done, they tell the State Controller.
• •Any leftover money from the bonds that isn't being used goes back to the General Fund.
• •The State Controller is the one who moves the money.

Imagine your school collects money to build a new playground. After the playground is built, there's some money left.

The school tells the person in charge of money (like the State Controller) that the playground is done. Then, the leftover money goes back to the school's main bank account (like the General Fund).