2.2.1 Bond and Interest Fund

adopted: Nov-1975
last revised: Sept-2017

The Bond and Interest Fund is used for the purpose of payment of principal, interest and related charges on any outstanding general obligation bonds or other similar debt instrument.

Any surplus of funds remaining after a debt has been defeased may be used for purposes similar to the debt obligation.

Related Procedures
Please Note: Any procedures listed below are internal to the college; they may contain position titles or other terminology which is designed to be meaningful for Richland employees and students. Procedures are not approved by the Board of Trustees