§ 100010 School Building Bond Funds

Education Code·California

AI SummaryVerified

This law says that $2,012,035,000 from bond sales must be put into the State School Building Lease‑Purchase Fund.

Key Takeaways

•A specific amount ($2,012,035,000) from bond proceeds is earmarked for the school building fund.
•The money must be deposited, not used for other purposes.
•The rule has been in place since 1996 and was updated in 2013.

Example

The state sells bonds and gets $2,012,035,000. All that money has to go straight into the fund that helps pay for school building leases.

When the bonds are sold, the whole amount is not spent on anything else – it is deposited into the special fund for school building lease‑purchase projects.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100010 School Building Bond Funds

Two billion twelve million thirty-five thousand dollars ($2,012,035,000) of the proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the State School Building Lease-Purchase Fund. (Amended by Stats. 2013, Ch. 28, Sec. 2. (SB 71) Effective June 27, 2013. Note: This section was added by Stats. 1996, Ch. 1, and approved in Prop. 203 on March 26, 1996.)

Last verified: January 10, 2026

Key Terms

State School Building Lease-Purchase Fund bonds Stats. 2013, Ch. 28, Sec. 2 (SB 71)

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 100010.

Key Takeaways

Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References