TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-64100›DIVISION 3. LOCAL ADMINISTRATION 35000-45460›PART 21. LOCAL EDUCATIONAL AGENCIES 35000-35787›CHAPTER 3. Reorganization of School Districts—General Provisions 35500-35586›ARTICLE 7. Disposition of Records, Funds, Property, and Obligations When Reorganized 35560-35566

§ 35561

California Education Code · 2018-11 edition · updated 2026-10-04 · California

Any funds derived from the sale of the school bonds issued by the original district shall be used for the acquisition, construction, or improvement of school property only in the territory that comprised the original district or to discharge bonded indebtedness of the original district, except that, if the bonded indebtedness is assumed by the new or acquiring district, the funds may be used in any area of the new district for the purposes for which the bonds were originally voted.

(Amended by Stats. 2016, Ch. 186, Sec. 10. (AB 2659) Effective January 1, 2017.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Education Code

California Education Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.