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HomeEducation CodeCh. 2Art. 5§ 15352 School District Bond Issuance

§ 15352 School District Bond Issuance

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

§ 15352 School District Bond Issuance

This rule says that when a school or community‑college district sells bonds, the bonds must have a specific name and must say that the taxes used to pay them can only come from property inside that district.

Key Takeaways

  • •Bonds must be named with the exact district name (school or community‑college).
  • •Every bond and its interest coupons must state that payment taxes are limited to land inside the district.
  • •The rule applies to both school districts and community‑college districts.

Example

A small town school district wants to borrow money to build a new library and sells bonds to raise the cash.

The bonds they sell must be called something like “Bonds of the School Facilities Improvement District of the Town School District,” and the bond paperwork has to say that only taxes collected from land inside the district will be used to pay back the loan.

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

Official Source
View on CA.gov

§ 15352 School District Bond Issuance

The bonds shall be issued in the name of the school facilities improvement district and shall be designated “Bonds of the School Facilities Improvement District of the ____ School District” or “Bonds of the School Facilities Improvement District of the ____ Community College District” and each bond and all interest coupons shall state that the tax for the payment thereof shall be limited to annual taxes to be levied upon and collected from the lands within the school facilities improvement district. (Repealed and added by Stats. 1997, Ch. 893, Sec. 36. Effective January 1, 1998.)

Last verified: January 10, 2026

Key Terms

school facilities improvement districtBonds of the School Facilities Improvement Districtannual taxes

Related Statutes

  • § 15350 School District Bond Procedures
  • § 15357 School Facilities Bond Funds
  • § 15359.3 School District Bond Authority
  • § 1330 School Employer Unemployment Appeals
  • § 15303 County School District Activation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 15352.
View Official Source