§ 54400 Bond Issuance Terms

• •The government can decide how many groups of bonds to sell.
• •They can pick the date when the bonds start.
• •The bonds must be paid back within 40 years from when they start.

A city wants to build a new park but needs money.

The city can sell bonds to get the money. They decide to sell 3 groups of bonds, starting on January 1, 2025. The city must pay back all the bonds by January 1, 2065.