California Statutes
§ 42840. — 42840. (Amended by Stats. 1987, Ch. 917, Sec. 26.)
California § 42840.
JurisdictionCalifornia
Code EDCEducation Code - EDC
Div.3.
Title 2.DIVISION 3. LOCAL ADMINISTRATION
Part 24.PART 24. SCHOOL FINANCE
Ch. 10.CHAPTER 10. Revolving Funds, School Districts
Art. 5.ARTICLE 5. Special Reserve Fund
This text of California § 42840. (42840. (Amended by Stats. 1987, Ch. 917, Sec. 26.)) 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 § 42840. (2026).
Text
The governing board of a school district may provide for the accumulation over a period of school years of funds for capital outlay purposes and salaries of school district employees whose work is directly related to projects financed by those funds, derived from the receipt of taxes levied for the district and from other sources including balances, and not required to be used for other than capital outlay purposes.
The governing board of a school district may also provide for the accumulation over a period of school years of funds for other than capital outlay purposes, derived from the receipt of taxes levied for the district and from other sources including balances, and not required to be used for capital outlay purposes.
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Legislative History
Amended by Stats. 1987, Ch. 917, Sec. 26.
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Bluebook (online)
California § 42840., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/42840..