§ 8030 City Bond Denomination Rules

• •The city can sell bonds to borrow money.
• •These bonds must be paid back in parts over time, not all at once.
• •The city council decides how much each bond is worth.

A city needs money to build a new park.

The city can sell bonds to get the money. People who buy the bonds will get their money back little by little, plus some extra. The city council decides if each bond is worth $100, $1,000, etc.