§ 13844 Bond Sale Authorization

• •The committee can decide to sell some or all of the bonds they are allowed to sell.
• •The Treasurer gets to pick the time or times when these bonds are sold.
• •This rule was added in 1984 and approved by voters in Proposition 28.

Imagine your school wants to sell cookies to raise money for new playground equipment.

The school board (like the committee) decides they can sell up to 100 boxes of cookies. The principal (like the Treasurer) then decides when to sell them, maybe 20 boxes this week and 80 boxes next month. This is similar to how the committee lets the Treasurer sell bonds whenever they think it's best.