§ 26408 Board Project Management Authority

• •If money is borrowed (bonds) to build or fix something, the board is in charge until the money is paid back.
• •The board handles everything: running, fixing, and improving the project while the debt is still there.
• •This rule was added in 1947.

A city borrows money to build a new park.

The city board is in charge of the park—like taking care of it, fixing broken swings, or adding new benches—until the borrowed money is fully paid back.