§ 15262 Pre-1978 School District Bonds

This law says only certain school district bonds are covered: ones approved before July 1, 1978, and bonds for buying or fixing property that got two‑thirds voter approval after June 4, 1986.

Key Takeaways

•Only bonds approved before July 1, 1978 are automatically covered.
•Bonds after June 4, 1986 must be for buying or improving real property and need two‑thirds voter approval.
•The rule does not apply to any other kinds of bonds.

Example

A school district wants to issue a bond in 1990 to build a new library.

Because the bond is after June 4, 1986, the district must get at least two‑thirds of the voters to say yes. If they do, the bond is covered by this law.

This article shall apply only to bonds of a school 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 (Repealed and added by Stats. 1996, Ch. 277, Sec. 2.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 bonds approved before July 1, 1978 are automatically covered.
•Bonds after June 4, 1986 must be for buying or improving real property and need two‑thirds voter approval.
•The rule does not apply to any other kinds of bonds.

Example

A school district wants to issue a bond in 1990 to build a new library.

Because the bond is after June 4, 1986, the district must get at least two‑thirds of the voters to say yes. If they do, the bond is covered by this law.

Key Takeaways

Example

Key Terms

References

§ 15262 Pre-1978 School District Bonds

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References