California § 17199.15. 17199.15. (Added by Stats. 2020, Ch. 110, Sec. 5.)

California Statutes

§ 17199.15. — 17199.15. (Added by Stats. 2020, Ch. 110, Sec. 5.)

California § 17199.15.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.1.

Title 1.DIVISION 1. GENERAL EDUCATION CODE PROVISIONS

Part 10.PART 10. SCHOOL BONDS

Ch. 18.CHAPTER 18. California School Finance Authority

This text of California § 17199.15. (17199.15. (Added by Stats. 2020, Ch. 110, Sec. 5.)) 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.

Bluebook

Cal. Education Code - EDC Code § 17199.15. (2026).

Text

Notwithstanding any other law, if any bonds that were issued for purposes of borrowing pursuant to paragraph (3) of subdivision (a) of Section 17199.1 to fund several financings of working capital for several participating parties under a single resolution remain outstanding, each participating party for which those bonds were issued is ineligible to be a debtor in a case under Chapter 9 of the United States Bankruptcy Code (Chapter 9 (commencing with Section 901) of Title 11 of the United States Code), as that chapter may be amended from time to time, and no governmental officer or organization is or may be empowered to authorize a participating party to be a debtor under that chapter.

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Notwithstanding any other law, if any bonds that were issued for purposes of borrowing pursuant to paragraph (3) of subdivision (a) of Section 17199.1 to fund several financings of working capital for several participating parties under a single resolution remain outstanding, each participating party for which those bonds were issued is ineligible to be a debtor in a case under Chapter 9 of the United States Bankruptcy Code (Chapter 9 (commencing with Section 901) of Title 11 of the United States Code), as that chapter may be amended from time to time, and no governmental officer or organization is or may be empowered to authorize a participating party to be a debtor under that chapter.