JurisdictionCaliforniaCode EDCEducation Code - EDC
Div.1.
Title 1.DIVISION 1. GENERAL EDUCATION CODE PROVISIONS
Part 10.PART 10. SCHOOL BONDS
Ch. 1.CHAPTER 1. Bonds of School Districts and Community College Districts
Art. 3.ARTICLE 3. Issuance and Sale of Bonds
This text of California § 15144.3. (15144.3. (Added by Stats. 2013, Ch. 477, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
A school district or community college district with a note issued before December 31, 2013, pursuant to Section 15150 may seek from the state board or the Chancellor of the California Community Colleges, as applicable, a one-time waiver from one or more of the requirements of Sections 2, 3, 5, and 6 of Assembly Bill 182 of the 2013–14 Regular Session, if both of the following are satisfied:
(a)The proceeds of the issuance subject to the waiver will be used only for the purpose of paying the note.
(b)The school district or community college district has provided to the state board or the Chancellor of the California Community
Colleges, as applicable, an analysis from a financial adviser unaffiliated with the school district, the community college district, or the underwriter used b
Free access — add to your briefcase to read the full text and ask questions with AI
A school district or community college district with a note issued before December 31, 2013, pursuant to Section 15150 may seek from the state board or the Chancellor of the California Community Colleges, as applicable, a one-time waiver from one or more of the requirements of Sections 2, 3, 5, and 6 of Assembly Bill 182 of the 2013–14 Regular Session, if both of the following are satisfied:
(a)
The proceeds of the issuance subject to the waiver will be used only for the purpose of paying the note.
(b)
The school district or community college district has provided to the state board or the Chancellor of the California Community
Colleges, as applicable, an analysis from a financial adviser unaffiliated with the school district, the community college district, or the underwriter used by the school district or community college district, showing the total overall costs of the proposed bond, how the issuance is the most cost-effective method, and the reasons why the school district or community college district is unable to meet those requirements of Sections 2, 3, 5, and 6 of Assembly Bill 182 of the 2013–14 Regular Session that are the subject of the waiver.