What is a Bond?

 

A bond is a loan taken out by a government entity to pay for 

capital projects. Traditionally, bonds are used to build capital 

projects such as schools, police and fire stations, highways, and 

other infrastructure.

- Utah Taxpayer Association

Granite Education Bond

 The bond, set for $237 million, will remodel 20 schools and completely rebuild another 14 schools, including Skyline and Cyprus High Schools, over the next 10 years.