§ 101133. — 101133. (Added November 8, 2016, by initiative Proposition 51, Sec. 3.)

California § 101133.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 14.
• Title 3.: DIVISION 14. MISCELLANEOUS
• Part 70.: PART 70. KINDERGARTEN THROUGH COMMUNITY COLLEGE PUBLIC EDUCATION FACILITIES BOND ACT OF 2016
• 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 related 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 101121 and 101122.

Legislative History

Added November 8, 2016, by initiative Proposition 51, Sec. 3.