§ 12872 Public Bond Investment Rules

• •The government can buy bonds or notes directly when they are first sold.
• •The government can also buy bonds or notes later, after they have been sold to others.
• •This rule is about how the government can invest money in safe options like bonds.

Imagine the government wants to save money safely, like putting money in a savings account.

Instead of a savings account, the government can buy special money papers called bonds when they are first sold or later from someone else. This keeps the money safe and can earn a little extra.