§ 101023. — 101023. (Added by Stats. 2006, Ch. 35, Sec. 16.)

California § 101023.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 14.
• Title 3.: DIVISION 14. MISCELLANEOUS
• Part 69.: PART 69. KINDERGARTEN–UNIVERSITY PUBLIC EDUCATION FACILITIES BOND ACT OF 2006
• Ch. 2.: CHAPTER 2. Kindergarten Through 12th Grade
• Art. 2.: ARTICLE 2. Kindergarten Through 12th Grade School Facilities Fiscal Provisions

Text

(a)
Upon request of the State Allocation Board, 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.
(b)
A request of the State Allocation Board pursuant to subdivision (a) shall be supported by a statement of the apportionments made and to be made for the purposes described in Sections 101011 and 101012.

Legislative History

Added by Stats. 2006, Ch. 35, Sec. 16. Approved in Proposition 1D at the November 7, 2006, election.