§ 29910 Bond Issuance Authorization Resolution

• •If people vote yes, the board can decide to issue bonds (like borrowing money).
• •The board can choose how much money to borrow, up to what was approved.
• •They decide how the bond looks and when the money must be paid back.

A town votes to borrow money to build a new school.

If the vote passes, the town leaders can decide to borrow some or all of the money. They also decide how the loan papers look and when the town has to pay the money back.