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HomeEducation CodeCh. 12Art. 1§ 17008 School Building Lease-Purchase Fund

§ 17008 School Building Lease-Purchase Fund

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

§ 17008 School Building Lease-Purchase Fund

Key Takeaways

  • •There is a special fund called the State School Building Lease-Purchase Fund in the State Treasury.
  • •All money in this fund is automatically set aside to be spent on school building projects.
  • •The State Allocation Board can give money from this fund to school districts for building projects.

Example

A school district needs money to build a new school building.

The State Allocation Board can take money from the State School Building Lease-Purchase Fund and give it to the school district to help pay for the new building.

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

Official Source
View on CA.gov

§ 17008 School Building Lease-Purchase Fund

A fund is hereby created in the State Treasury to be known as the State School Building Lease-Purchase Fund. All money in the State School Building Lease-Purchase Fund, including any money deposited in that fund from any source whatsoever, and notwithstanding Section 13340 of the Government Code, is hereby continuously appropriated for expenditure pursuant to this chapter. The State Allocation Board may apportion funds to school districts for the purposes of this chapter from funds transferred to the State School Building Lease-Purchase Fund from any source. (Added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

State School Building Lease-Purchase FundState Allocation Boardcontinuously appropriated

Related Statutes

  • § 17004 State Allocation Board Expenses
  • § 17005.5 School District Bond Loans
  • § 17008.3 School District Planning Loans
  • § 17008.5 School Building Fund Disbursements
  • § 17009 Special Education Facility Funding

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 17008.
View Official Source