§ 12874 District Bond Sale Proceeds

• •The district can sell bonds or notes they bought earlier.
• •They must sell them at the right time to use the money for the original purpose.
• •The money from selling must go to the same thing it was meant for when first bought.

A school district buys bonds to save money for building a new school.

If the district sells those bonds later, the money must still be used to build the new school, not for something else like buying computers.