§ 15254 Pre-1978 School Bonds

This law says only school or community college bonds that were approved before July 1, 1978, or bonds for buying or fixing property that got two‑thirds voter approval after June 4, 1986, are covered.

Key Takeaways

•Only old bonds (approved before July 1, 1978) are automatically covered.
•New bonds for buying or improving property must get two‑thirds voter approval after June 4, 1986.
•The rule applies only to school districts and community college districts.

Example

A community college wants to issue a bond in 1990 to build a new science lab.

Because the bond is after July 1, 1978, the law requires that at least two‑thirds of the voters approve the bond before it can be used for the lab.

This article shall apply only to bonds of a school district or community college district which were approved by the electors prior to July 1, 1978, and to bonded indebtedness for the acquisition or improvement of real property approved by two-thirds of the voters on or after June 4, 1986. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Key Takeaways

•Only old bonds (approved before July 1, 1978) are automatically covered.
•New bonds for buying or improving property must get two‑thirds voter approval after June 4, 1986.
•The rule applies only to school districts and community college districts.

Example

A community college wants to issue a bond in 1990 to build a new science lab.

Because the bond is after July 1, 1978, the law requires that at least two‑thirds of the voters approve the bond before it can be used for the lab.

Key Takeaways

Example

Key Terms

References

§ 15254 Pre-1978 School Bonds

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References