§ 53171 Bond Issuance Procedures

• •This law says that certain bonds (like money the state borrows) must follow the rules of another law called the State General Obligation Bond Law.
• •The State General Obligation Bond Law has all the details about how these bonds are made, sold, and paid back.
• •This law is just saying, 'Use those rules for these bonds too.'

Imagine the state wants to borrow money to build new schools.

The state has to follow the rules in the State General Obligation Bond Law for how to borrow, use, and pay back that money. This law is just pointing to those rules and saying, 'Do it that way.'