§ 100432. — 100432. (Added by Stats. 1998, Ch. 407, Sec. 16.)

California § 100432.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 14.
• Title 3.: DIVISION 14. MISCELLANEOUS
• Part 68.: PART 68. PUBLIC EDUCATION BONDS
• Ch. 2.: CHAPTER 2. Kindergarten Through 12th Grade
• Art. 2.: ARTICLE 2. Kindergarten Through 12th Grade School Facilities Fiscal Provisions

Text

Upon request of the State Allocation Board from time to time, supported by a statement of the apportionments made and to be made for the purposes described in Sections 100415 and 100420, the State School Building Finance Committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to fund the apportionments and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to fund those apportionments progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.

Legislative History

Added by Stats. 1998, Ch. 407, Sec. 16. Approved in Proposition 1A at the November 3, 1998, election.