§ 6655 Bond Issuance Cost Inclusions

• •When the government decides to build something big (like a school or road), they can borrow money by selling bonds.
• •The money from the bonds can pay for everything needed to build the project, like workers, materials, and even the cost of the election to approve the bonds.
• •The bonds can also cover extra costs like interest on the loan while the project is being built and for up to a year after it’s done.

A city wants to build a new park with a playground, walking paths, and a community center.

The city can sell bonds to pay for everything needed to build the park—like buying land, paying workers, and even the cost of the vote to approve the park. The bonds can also cover the interest on the loan while the park is being built and for a year after it opens.