California Government Code

§ 16816

GOV § 16816 Effective Jan 1, 2013Div. 4 · Title 2 · Part 3 · Ch. 5

Statute text

Bonds of the State of California shall be prepared, issued, and sold in the amount of three hundred million dollars ($300,000,000), in such denominations, to be numbered, to bear such dates, and to bear such rate of interest as shall be determined by the Legislature. The proceeds of such bonds shall be used:

(a)Subject to such legislation as the Legislature may, from time to time, enact, to provide loans and grants to school districts of the state for use in purchasing and improving school sites, the purchasing of furniture and equipment for schools, and the planning and constructing, reconstructing, repairing, altering, and making additions to, school buildings.

(b)Subject to such legislation as the Legislature may, from time to time, enact, to provide loans and grants to school districts for assistance in providing necessary housing and equipment for the education of individuals who have exceptional needs, as that term is defined in Section 56026 of the Education Code.

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Legislative history

Amended by Stats. 2012, Ch. 457, Sec. 25. (SB 1381) Effective January 1, 2013.