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HomeEducation CodeCh. 4Art. 2.5§ 17433 School Lease Payment Options

§ 17433 School Lease Payment Options

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

§ 17433 School Lease Payment Options

Key Takeaways

  • •Schools can pay rent for leases in one big payment or in smaller yearly payments.
  • •The money for rent can come from the state or other school funds that are allowed to be used this way.
  • •The rent can be paid anytime during the lease, not just at the start.

Example

A school rents a building for classes.

The school can choose to pay the rent all at once or a little each year. They can use money from the state or other school funds to pay for it whenever they want during the lease.

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

Official Source
View on CA.gov

§ 17433 School Lease Payment Options

Any rental payments required by any lease or agreement entered into pursuant to this article may be paid in annual installments or may be prepaid from state funds or other funds of the school district permissible by law to be used for those purposes at any time during the period of the lease or agreement. (Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

rental paymentsannual installmentsprepaidstate fundsschool districtlease or agreement

Related Statutes

  • § 17439 Nonprofit School Facility Bonds
  • § 17408 School District Lease Elections
  • § 17431 School District Development Liens
  • § 17436 School Facilities Plan Approval
  • § 12401 School District Agreement Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 17433.
View Official Source