§ 11782 Bond Surplus Application Rules

• •This law is about how extra money from bonds can be used.
• •The government can set rules on how to use that extra money.
• •The rules might include when and how they can pay off old bonds.

Imagine the city sells bonds to build a new park and ends up with extra money.

The city can use that extra money to pay off old bonds early, but they have to follow the rules they set when they first sold the bonds.