§ 99323 Revenue Bond Payment Limits

• •These bonds are special—they are only paid back using money from a specific project or service, not from general taxes.
• •The rules for these bonds must clearly say they are only paid back from the money they make, not from other funds.
• •If the project or service doesn’t make enough money, the bonds might not get paid back.

A city builds a toll bridge and sells bonds to pay for it.

The bonds are paid back only using the money from tolls. If not enough cars use the bridge, the bond holders might not get all their money back.