This monograph provides an introduction to the procedures of bonding. Although it was prepared for school systems within the State of New York, the information which it contains is of general applicability. The importance of obtaining the services of a national bonding attorney and a financial consultant is discussed. The guide outlines the meaning of credit ratings by such institutions as Moody's and Standard and Poor's and reveals how such ratings are obtained. Important considerations in publicity and notice of sale are presented in addition to a discussion of the prospectus. The timing of both the sale and the delivery of the bonds is discussed along with ways of investing temporarily excess funds. Several checklists for bonding procedures are appended to the guide. These cover legal services, financial planning, selected credit ratings, prospectus, publicity and notice of bond sale, and the actual bond sale. A bibliography containing 33 entries on bonding is also appended. (DE)