§ 33602 Agency Bond Definitions

• •This law talks about what 'bonds' mean in this part of the rules.
• •Bonds can be things like notes, certificates, or other promises to pay money.
• •These bonds are made by certain groups following specific rules in Article 5.

Imagine a city wants to build a new park but doesn't have enough money right now.

The city can issue bonds, which are like IOUs, to borrow money from people. Later, the city will pay back that money with a little extra. This law says what kinds of IOUs the city can use.