Cal. Ed. Code § 90049

Current through the 2023 Legislative Session.
Section 90049 - Security for bonds; funds or proceeds used for redemption

The board may provide for the security of bonds. The board may use and expend all or any part of any funds or proceeds of any property owned by it, whether received by gift, appropriation or otherwise, if not restricted as to the use of such funds or proceeds of property by the terms of any gift or trust or provision of law for the redemption of bonds issued pursuant to the provisions of this article and the payment of interest due thereon.

Ca. Educ. Code § 90049

Enacted by Stats. 1976, Ch. 1010.