§ 33745 Bond Issuance Costs Coverage

• •This law lets certain groups (agencies) borrow money by selling bonds.
• •The money from these bonds can be used to pay for things like studies, insurance, and fees for lawyers or accountants.
• •It can also cover costs to keep the bonds safe and trusted, like paying for a trustee or rating agency.
• •The costs must be directly related to issuing and selling the bonds.

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

The city can sell bonds to get the money they need. They can use some of that money to pay for things like planning the park, buying insurance, or paying lawyers to help with the paperwork. This law says that’s okay.