§ 100150 Bond Payment Appropriation

• •The state must use money from the General Fund to cover bond principal and interest as they become due.
• •It also must fund the program described in Section 100165, even if it crosses fiscal years.
• •These payments are required even if other budget rules would normally limit spending.

The state sells $100 million in bonds to build new schools. Each year it has to take money from the general fund to pay the bond interest and eventually the principal, plus extra money for the school‑building program.

Because of this law, the state’s budget will include a line item that covers the bond payments and the program costs, no matter what the regular budget rules say.