§ 22778 Bond Issuance Procedures

• •The board decides how the bonds look and what they include.
• •The board sets the rules for how the bonds are signed and made official.
• •The board picks the date when the borrowed money must be paid back.

A city needs money to build a new park, so they issue bonds to borrow money from people.

The board decides what the bond papers look like, how they are signed, and when the city has to pay the money back to the people who lent it.