§ 17439 Nonprofit School Facility Bonds

Education Code·California

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Key Takeaways

•A nonprofit can borrow money (issue bonds) to help pay for school buildings or improvements.
•They have to wait at least 90 days after an official agreement is recorded with the school district.
•The money must be used for the school plans that were already approved.

Example

A nonprofit wants to build a new playground for a school.

They can take out a loan (issue bonds) to pay for it, but only after waiting 90 days from when their deal with the school was officially written down.

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

Official Source

View on CA.gov

§ 17439 Nonprofit School Facility Bonds

No sooner than 90 days from the date a resolution is recorded pursuant to Section 17438, a nonprofit corporation which has entered into a lease or agreement with the school district pursuant to this article may issue bonds for the purpose of financing all or a portion of the school facilities plan approved pursuant to procedures of this article. (Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

nonprofit corporation lease or agreement school district bonds school facilities plan Section 17438

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 17439.

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Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References