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HomeEducation CodeDiv. 14Pt. 66Ch. 1Art. 2§ 100015 School Building Lease-Purchase Fund

§ 100015 School Building Lease-Purchase Fund

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 100015 School Building Lease-Purchase Fund

This law says money put into the State School Building Lease‑Purchase Fund can be used to give financial help to school districts, county superintendents, and county boards of education, and also to pay back any loans taken from the fund with interest and to reimburse the bond expense fund.

Key Takeaways

  • •Money in the fund is earmarked for school‑building aid.
  • •The aid follows the Leroy F. Greene lease‑purchase law and related statutes.
  • •The fund also repays any loans it receives, with interest, and reimburses the bond expense revolving fund.

Example

A school district wants to build a new high school and needs extra money. The district can get aid from the State School Building Lease‑Purchase Fund because the law lets the fund provide that help.

The fund’s money is used to give the district the cash it needs for the building, following the rules in the Leroy F. Greene State School Building Lease‑Purchase Law.

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

Official Source
View on CA.gov

§ 100015 School Building Lease-Purchase Fund

All moneys deposited in the State School Building Lease-Purchase Fund shall be available to provide aid to school districts of the state in accordance with the Leroy F. Greene State School Building Lease-Purchase Law of 1976 (Chapter 22 (commencing with Section 17700) of Part 10), and of all acts amendatory thereof and supplementary thereto, to provide aid to school districts, county superintendents of schools, and county boards of education of the state in accordance with Sections 100020, 100025, 100030, and 100035, to provide funds to repay any money advanced or loaned to the State School Building Lease-Purchase Fund under any act of the Legislature, together with interest provided for in that act, and to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. (Added by Stats. 1996, Ch. 1, Sec. 1. Approved in Proposition 203 at the March 26, 1996, election.)

Last verified: January 10, 2026

Key Terms

State School Building Lease-Purchase FundLeroy F. Greene State School Building Lease-Purchase Law of 1976General Obligation Bond Expense Revolving Fund

Related Statutes

  • § 100010 School Building Bond Funds
  • § 100020 School Facility Bond Allocation
  • § 100025 School Seismic Retrofit Funding
  • § 100030 School District Bond Projects
  • § 100035 Joint Facility Bond Funding

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100015.
View Official Source