§ 100035 Joint Facility Bond Funding

Education Code·California

AI SummaryVerified

This law says that when a state sells bonds, no more than $25 million of that money can be spent on projects that share facilities with other uses.

Key Takeaways

•Only $25 million of bond proceeds can fund joint‑use projects.
•Joint‑use means two or more different purposes share the same facility.
•All other bond money can be used for any other approved projects.

Example

A county sells bonds to raise money for a new library that will also be used as a community meeting hall.

The county can only use up to $25 million of the bond money for that library‑meeting‑hall project; any extra money must go to other projects.

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

Official Source

View on CA.gov

§ 100035 Joint Facility Bond Funding

Of the proceeds from the sale of bonds pursuant to this chapter, not more than twenty-five million dollars ($25,000,000) may be used for projects that include joint use of facilities pursuant to Section 17750 or 17751. (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

twenty-five million dollars ($25,000,000)joint use of facilities Section 17750 or 17751 Proposition 203

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 100035.

Key Takeaways

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Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References