California § 53508.6. 53508.6. (Added by Stats. 2013, Ch. 477, Sec. 7.)

California Statutes

§ 53508.6. — 53508.6. (Added by Stats. 2013, Ch. 477, Sec. 7.)

California § 53508.6.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.2.

Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES

Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES

Ch. 3.CHAPTER 3. Bonds

Art. 4.5.ARTICLE 4.5. General Obligation Bonds

This text of California § 53508.6. (53508.6. (Added by Stats. 2013, Ch. 477, Sec. 7.)) 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. Government Code - GOV Code § 53508.6. (2026).

Text

Notwithstanding any other law, a school district or community college district may, pursuant to this article, issue bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, if the school district or community college district does both of the following:

(a)Complies with the requirements of subdivisions (b) and (c) of Section 15146 of the Education Code.

(b)Makes a finding that the useful life of the facility financed with the bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, equals or exceeds the maturity date of those bonds.

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Notwithstanding any other law, a school district or community college district may, pursuant to this article, issue bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, if the school district or community college district does both of the following:
(a)
Complies with the requirements of subdivisions (b) and (c) of Section 15146 of the Education Code.
(b)
Makes a finding that the useful life of the facility financed with the bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, equals or exceeds the maturity date of those bonds.