§ 13622 Bond Issuance Procedures

• •This law says that most rules for issuing bonds (like borrowing money for big projects) follow the same basic steps as Chapter 7.
• •It covers things like how to hold a vote for the bonds, how the bonds look, when they need to be paid back, and how interest works.
• •If something isn’t mentioned here, the rules from Chapter 7 still apply.

A city wants to build a new park but needs money, so they decide to issue bonds.

The city must follow the same steps as Chapter 7 for things like voting on the bonds, how they’re written up, and how interest is paid back to the people who lend the money.