§ 11723 Bond Revenue Collection Continuation

This law says that collecting money (like taxes or fees) must keep going until all the borrowed money (bonds) and the extra money (interest) on those bonds are completely paid back.

Key Takeaways

•If the government borrows money (like bonds), they have to keep collecting money to pay it back.
•They can't stop collecting money until the borrowed money and all the extra (interest) is fully paid.
•This is like when you borrow money from a friend and promise to pay it back little by little—you can't stop until it's all paid.

Example

Imagine a city borrows money to build a new park. They promise to pay it back with a little extra over time.

The city has to keep collecting money (like from taxes) until every penny of that borrowed money and the extra is paid off.

This law says that collecting money (like taxes or fees) must keep going until all the borrowed money (bonds) and the extra money (interest) on those bonds are completely paid back.

Key Takeaways

•If the government borrows money (like bonds), they have to keep collecting money to pay it back.
•They can't stop collecting money until the borrowed money and all the extra (interest) is fully paid.
•This is like when you borrow money from a friend and promise to pay it back little by little—you can't stop until it's all paid.

Example

Imagine a city borrows money to build a new park. They promise to pay it back with a little extra over time.

The city has to keep collecting money (like from taxes) until every penny of that borrowed money and the extra is paid off.

Key Takeaways

Example

Key Terms

References

§ 11723 Bond Revenue Collection Continuation

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References