What is a School Bond?
When a state, county, or city government makes the promise to build a new school for the residents of an area, they will need a school bond. School bonds and school district bonds are important steps in the construction and guarantee process.
What is a school bond? When the district does agree to build the new school facility, the school bond will ensure that they will go through with the construction process, that they will finance the whole project from the beginning to end, and they will ensure everything is handled in an ethical manner. The school bond comes into play whether a whole new school is being built, an existing building is going through redevelopment, or additional work needs to be done to the school. A school bond protects contractors and citizens who will be affected by the school construction. To learn more about the bonds, be sure to contact Ox Bonding today.
Ox Bonding offers everything you require to apply for a school bond today. Let us help you through the bonding process.