TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 5. GENERAL PROVISIONS 66000-70115.2›PART 40. DONAHOE HIGHER EDUCATION ACT 66000-67400›CHAPTER 14.6. Higher Education Facilities Bond Act of June 1992 67358-67359.5›ARTICLE 3. Fiscal Provisions 67358.5-67359.5
§ 67359.1
California Education Code · 2020-11 edition · updated 2026-10-04 · California
All money deposited in the 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.
(Added by Stats. 1992, Ch. 13, Sec. 1. Approved in Proposition 153 at the June 2, 1992, election.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code