Cal. Ed. Code § 101139

Current through the 2023 Legislative Session.

Section 101139 - Money derived from premium and accrued interest

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.

Ca. Educ. Code § 101139

Added by Proposition 51, approved by the voters at the 11/8/2016 election.