§ 99074 Bond Interest Transfer Rules

• •Money from interest on sold bonds goes into the Economic Recovery Fund.
• •This money can be moved to the Fiscal Recovery Fund to help pay for bond interest.
• •The law was added in 2003 and approved by voters in 2004.

The government sells bonds to raise money for projects.

If those bonds earn interest, that extra money goes into a special fund. Later, it can be used to help pay the interest on those same bonds.