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HomeEducation CodeDiv. 14Pt. 68.1Ch. 2Art. 1§ 100615 School Facilities Fund Appropriation

§ 100615 School Facilities Fund Appropriation

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

§ 100615 School Facilities Fund Appropriation

This law says that any money put into the 2002 State Facilities Fund must be used to help schools and to pay back loans and bond costs related to school building projects.

Key Takeaways

  • •Money in the 2002 State Facilities Fund is set aside for school districts, county superintendents, and county boards of education.
  • •The fund must be used to repay any loans given to the 2002 State School Facilities Fund, with interest.
  • •It also reimburses the General Obligation Bond Expense Revolving Fund for school‑building bond costs.

Example

A county school district borrows money from the 2002 State School Facilities Fund to build a new gym. Later, the money from the fund is used to pay back that loan plus interest and to reimburse the state's bond fund that helped finance the project.

The law makes sure the money in the fund goes straight to school aid and to settle any loans or bond expenses that were used for school construction.

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

Official Source
View on CA.gov

§ 100615 School Facilities Fund Appropriation

All moneys deposited in the 2002 State Facilities Fund for the purposes of this chapter shall be available and, notwithstanding any other provision of law to the contrary, are hereby appropriated to provide aid to school districts, county superintendents of schools, and county boards of education of the state in accordance with the Leroy F. Greene School Facilities Act of 1998 (Chapter 12.5 (commencing with Section 17070.10) of Part 10), as set forth in Section 100620, to provide funds to repay any money advanced or loaned to the 2002 State School Facilities 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. 2002, Ch. 33, Sec. 30. Approved in Proposition 47 at the November 5, 2002, election.)

Last verified: January 10, 2026

Key Terms

2002 State Facilities FundLeroy F. Greene School Facilities Act of 1998General Obligation Bond Expense Revolving Fund

Related Statutes

  • § 100815 School Facilities Funding Appropriation
  • § 101011 School Facilities Funding Allocation
  • § 101121 School Facilities Funding Rules
  • § 101411 School Facilities Funding Allocation
  • § 100410 School Facilities Bond Allocation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100615.
View Official Source