§ 22906 Bond Tax Revenue Allocation

• •Money from the bond tax goes to a special fund in the main county's treasury.
• •This money can only be used to pay back the bonds (like a loan) and the interest on them.
• •The county treasurer pays the bond owners from this fund when the county auditor approves it.
• •After paying, the auditor keeps the paid bonds and coupons as records.

Imagine your town takes a big loan to build a new school. To pay it back, they add a small tax to people's property bills.

The money from this tax doesn't go to anything else—it only pays back the loan and the extra cost (interest). The town's money manager (treasurer) sends the payments to the people who lent the money, but only after the town's accountant (auditor) checks and says it's okay. The accountant then keeps the paid loan papers to show everything is squared away.