TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-64100›DIVISION 3. LOCAL ADMINISTRATION 35000-45500›PART 21. LOCAL EDUCATIONAL AGENCIES 35000-35787›CHAPTER 3. Reorganization of School Districts—General Provisions 35500-35586›ARTICLE 8. Bonded Indebtedness of School Districts 35570-35579

§ 35578

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

Any unsold bonds of an elementary, high, or unified school district that is included as a whole in a new or acquiring district through any kind of reorganization may be issued by the board of supervisors in the name of the new or acquiring district and the proceeds derived upon the sale thereof shall be the funds of the new or acquiring district. However, the proceeds derived upon the sale thereof shall be expended only for the purpose, or purposes, for which those bonds were authorized.

(Amended by Stats. 2016, Ch. 186, Sec. 18. (AB 2659) Effective January 1, 2017.)

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California Education Code

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