§ 33632 Bond Surplus Transfer Rules

• •If there's extra money left in the bond fund after paying off debts, it doesn't just sit there.
• •The extra money gets moved to the community's general fund, which is like the town's main piggy bank.
• •This rule makes sure no money is wasted or left unused.

Imagine your town took a loan to build a new park and set aside money to pay it back.

After paying off the loan, there was $10,000 left. Instead of leaving it in the loan account, the town moves it to their main bank account to use for other things, like fixing roads or schools.