§ 43455 City Bond Redemption Funds

• •If a city has money set aside to pay off state bonds, they can give that money to the State Treasurer.
• •The State Treasurer will then use that money to pay off the state bonds.
• •This helps the state manage its debt better.

Imagine your city has saved up some money to help pay off a big loan the state took out for building schools.

The city can give that saved money to the state. The state will then use that money to pay off the loan, which helps everyone in the long run.