California § 17651. 17651. (Added by Stats. 1996, Ch. 277, Sec. 3.)

California Statutes

§ 17651. — 17651. (Added by Stats. 1996, Ch. 277, Sec. 3.)

California § 17651.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.1.

Title 1.DIVISION 1. GENERAL EDUCATION CODE PROVISIONS

Part 10.5.PART 10.5. SCHOOL FACILITIES

Ch. 7.CHAPTER 7. Energy Efficiency

This text of California § 17651. (17651. (Added by Stats. 1996, Ch. 277, Sec. 3.)) 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 § 17651. (2026).

Text

(a)School districts may borrow funds from federal or state regulated financial institutions for the purposes of design and construction costs associated with retrofitting school buildings to become more energy efficient. School districts shall only be authorized to borrow an amount which does not exceed that which can be repaid from energy cost avoidance savings accumulated from the improvement of school facilities.

(b)Any savings and loan association may make loans or advances of credit pursuant to subdivision (a) in an amount not in excess of 5 percent of its total assets. This investment may be in addition to any other investment savings and loan associations are permitted to undertake under Section 6705.7 of the Financial Code.

Free access — add to your briefcase to read the full text and ask questions with AI

(a)
School districts may borrow funds from federal or state regulated financial institutions for the purposes of design and construction costs associated with retrofitting school buildings to become more energy efficient. School districts shall only be authorized to borrow an amount which does not exceed that which can be repaid from energy cost avoidance savings accumulated from the improvement of school facilities.
(b)
Any savings and loan association may make loans or advances of credit pursuant to subdivision (a) in an amount not in excess of 5 percent of its total assets. This investment may be in addition to any other investment savings and loan associations are permitted to undertake under Section 6705.7 of the Financial Code.

Legislative History

Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

California § 17651., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/17651..