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HomeEducation CodeDiv. 14Pt. 68Ch. 2Art. 2§ 100430 Bond Issuance Procedures

§ 100430 Bond Issuance Procedures

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

§ 100430 Bond Issuance Procedures

This law says any bonds made under this chapter have to follow the State General Obligation Bond Law, except for one small part, and the State Allocation Board is the group that runs the 1998 State School Facilities Fund.

Key Takeaways

  • •Bonds under this chapter must be handled just like the state's general obligation bonds.
  • •All the rules of that bond law apply, except for Section 16727.
  • •The State Allocation Board is the designated board that runs the 1998 State School Facilities Fund.

Example

A local school district wants to raise money by selling bonds to build a new classroom building.

The district must follow all the rules in the State General Obligation Bond Law (except Section 16727) when preparing and selling those bonds, and the State Allocation Board will oversee the fund that the bonds go into.

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

Official Source
View on CA.gov

§ 100430 Bond Issuance Procedures

(a) The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), and all of the provisions of that law, except Section 16727 of the Government Code, apply to the bonds and to this chapter and are hereby incorporated in this chapter as though set forth in full in this chapter. (b) For purposes of the State General Obligation Bond Law, the State Allocation Board is designated the “board” for purposes of administering the 1998 State School Facilities Fund. (Added by Stats. 1998, Ch. 407, Sec. 16. Approved in Proposition 1A at the November 3, 1998, election.)

Last verified: January 10, 2026

Key Terms

State General Obligation Bond LawState Allocation Board1998 State School Facilities Fund

Related Statutes

  • § 100630 School Facility Bond Rules
  • § 100830 School Facility Bond Rules
  • § 101022 School Facility Bond Rules
  • § 101132 School Facility Bond Rules
  • § 100410 School Facilities Bond Allocation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100430.
View Official Source