§ 34378 Bond Issuance Costs Authority

• •This law lets certain groups borrow money by selling bonds to pay for things like studies, insurance, and fees.
• •The money from the bonds can also be used to cover extra costs like legal help or setting up accounts to protect the bonds.
• •Only costs that make sense and are directly tied to selling the bonds can be paid for this way.

A city wants to build a new park but needs money to plan it and pay for insurance.

The city can sell bonds to get the money they need to pay for the planning, insurance, and other costs tied to building the park.