§ 50708 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 about the project: running it, fixing it, and making it better.
• •This rule stays in place until all the borrowed money is paid off.

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 slides—until the borrowed money is fully paid back.