9.2 Types of Funds Available for Investment

“Bond funds” viewed broadly are funds that are the proceeds from the issuance and sale of municipal debt obligations (referred to in this chapter as “bonds”) or amounts to be used for the payment of bonds. The various funds and accounts in which bond funds are held are established by the indenture, trust agreement, bond resolution, or other documents providing for the issuance of and security for the bonds (referred to in this chapter as “bond documents”). See Section 2.4, Other Common Document Provisions. The following sections discuss the types of funds available for investment.