§ 101139

California Education Code · 2026-10 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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