§ 99349 County Bond Payment Obligations

• •The county must pay back the money it borrowed (bonds) on time.
• •They have to pay both the original amount and any extra fees (interest).
• •The payment must follow the rules set when the bonds were created.

Imagine the county borrows $100 from you to fix a park and promises to pay you back in 5 years with $10 extra.

The county must give you your $100 plus the $10 extra on the exact date and in the way they agreed when they borrowed the money.