§ 33621 Redevelopment Fund Financing Methods

• •The government can use money to help fix up old or run-down areas in the community.
• •They can take money from the budget or borrow money by selling special bonds to do this.
• •The money they get must go into a special fund just for fixing up these areas.

Imagine your neighborhood has a lot of old, broken-down buildings and parks that need fixing.

The city can decide to spend some of its money or borrow money by selling bonds to fix up these places. All that money has to go into a special fund just for these projects.