§ 52078 Local Bond Issuance Costs

• •Cities and counties can borrow money (by selling bonds) to pay for things like studies, insurance, and fees when they issue bonds.
• •The money from these bonds can also be used to cover extra costs like legal help, marketing, and setting up accounts to protect the bond money.
• •This rule helps cities and counties manage the costs of borrowing money for big projects.

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

The city can sell bonds to get the money needed for these costs, like paying for studies to figure out where to build the park or hiring lawyers to help with the paperwork.