§ 16310 School Bond Fund Limit

Education Code·California

AI SummaryVerified

This law says that only up to $40 million from the sale of school building bonds can be used for the purposes listed in this article.

Key Takeaways

•The spending limit is $40 million.
•The limit applies only to money from bonds authorized by the 1966 School Building Aid Bond Law.
•Any amount above $40 million cannot be used under this article.

Example

A state agency sells bonds to raise money for new school buildings and wants to spend the money on construction projects.

Even if the bond sale brings in $60 million, the agency can only use $40 million of that money for the projects covered by this law; the rest must stay untouched or be used elsewhere.

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

Official Source

View on CA.gov

§ 16310 School Bond Fund Limit

Not to exceed forty million dollars ($40,000,000) of the proceeds of the sale of bonds authorized by the State School Building Aid Bond Law of 1966 may be expended pursuant to this article. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 10, 2026

Key Terms

forty million dollars ($40,000,000)State School Building Aid Bond Law of 1966 Stats. 1996, Ch. 277, Sec. 2

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 16310.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References