California § 42842. 42842. (Amended by Stats. 1992, Ch. 759, Sec. 17.)

California Statutes

§ 42842. — 42842. (Amended by Stats. 1992, Ch. 759, Sec. 17.)

California § 42842.

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 § 42842. (42842. (Amended by Stats. 1992, Ch. 759, Sec. 17.)) 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 § 42842. (2026).

Text

(a)The governing board may expend the money in the special reserve fund for capital outlay for the purpose or purposes specified in any resolution filed pursuant to Section 42841 unless the purpose has been withdrawn pursuant to that section. In addition, unless actually encumbered for ongoing expenses, the governing board may expend the money in the fund for the general operating purposes of the district.

(b)The governing board of a school district may expend the money in the special reserve fund that is maintained for purposes other than capital outlay in accordance with this section. Any moneys to be expended from this special reserve fund first shall be transferred into the general fund of the district.

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(a)
The governing board may expend the money in the special reserve fund for capital outlay for the purpose or purposes specified in any resolution filed pursuant to Section 42841 unless the purpose has been withdrawn pursuant to that section. In addition, unless actually encumbered for ongoing expenses, the governing board may expend the money in the fund for the general operating purposes of the district.
(b)
The governing board of a school district may expend the money in the special reserve fund that is maintained for purposes other than capital outlay in accordance with this section. Any moneys to be expended from this special reserve fund first shall be transferred into the general fund of the district.

Legislative History

Amended by Stats. 1992, Ch. 759, Sec. 17. Effective September 21, 1992.

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California § 42842., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/42842..