§ 53202 Bond Issuance Procedures

• •This law says that special money-borrowing rules (called 'bonds') must follow the big state rules for borrowing money.
• •The big state rules explain how to make, sell, and pay back the borrowed money.
• •If this law and the big state rules say different things, the big state rules win.

Imagine your school wants to borrow money to build a new playground.

The school must follow the big state rules for borrowing money, like how to ask for the money, how to pay it back, and what happens if they can't pay it back.