TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 14. MISCELLANEOUS 99000-101149.5›PART 70. KINDERGARTEN THROUGH COMMUNITY COLLEGE PUBLIC EDUCATION FACILITIES BOND ACT OF 2016 101110-101149.5›CHAPTER 2. Kindergarten Through 12th Grade 101120-101141›ARTICLE 2. Kindergarten Through 12th Grade School Facilities Fiscal Provisions 101130-101141

§ 101139

California Education Code · 2020-11 edition · updated 2026-10-04 · California

All money deposited in the 2016 State School Facilities Fund, that is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest, except that amounts derived from premium may be reserved and used to pay the cost of the bond issuance prior to any transfer to the General Fund.

(Added November 8, 2016, by initiative Proposition 51, Sec. 3.)

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California Education Code

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