§ 13173 Bond Proceeds Insurance Fund

• •The board can create special money pots (funds) to keep track of bond sale money.
• •These pots make sure the money from selling bonds is only used for what was promised.
• •The money is kept safe in the district’s treasure chest (treasury).

A school district sells bonds to build a new playground.

The money from selling those bonds must go into a special pot (fund) just for the playground. They can’t use it for something else, like buying new computers.