Rules regarding refunds of the bonds are established in the bylaws. The current bylaws identify that equity members in good standing (i.e. bond holders with currently paid membership dues) can apply to the board for refund of their bond, and that such refund is subject to board approval and to the availability of funds.
Any change to the refund rules will be an amendment to the bylaws and as such will be subject to the vote of bond holders in good standing. The DSRC board has proposed an amendment to bylaws limiting such refund to the purchase price of the bond less the amount the member saved in membership fees through their bond. For instance, if a bondholder purchased their bond for $750 and pays family membership dues for 4 years, saving $100 each year, then applies for a refund of their bond, the amount they could be refunded for their bond would be limited to $350.