§ 17450 School Equipment Leasing Authority

Education Code·California

AI SummaryVerified

Key Takeaways

•Schools can rent or rent-to-own stuff they need, like buses, cars, or teaching materials.
•They can make these deals with people, companies, or other government groups.
•The stuff they can rent includes school buses, other vehicles, tests, movies for teaching, and other things listed in the California School Accounting Manual.

Example

A school needs new buses but doesn't have enough money to buy them all at once.

The school can make a deal to rent the buses or rent-to-own them over time. This way, they can get the buses now and pay little by little.

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

Official Source

View on CA.gov

§ 17450 School Equipment Leasing Authority

Any school district or any county superintendent of schools may, as lessee, enter into a lease or lease-purchase agreement for equipment or service systems with any persons, firm, corporation or public agency. As used in this article “equipment” includes all of the following: (1) Schoolbuses. (2) Other motor vehicles. (3) Test materials, educational films, and audiovisual materials. (4) All other items defined as equipment or service systems in the California School Accounting Manual. (Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

lease lease-purchase agreement equipment service systems California School Accounting Manual

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 17450.

§ 17450 School Equipment Leasing Authority

Education Code·California

AI SummaryVerified

§ 17450 School Equipment Leasing Authority

Key Takeaways

•Schools can rent or rent-to-own stuff they need, like buses, cars, or teaching materials.
•They can make these deals with people, companies, or other government groups.
•The stuff they can rent includes school buses, other vehicles, tests, movies for teaching, and other things listed in the California School Accounting Manual.

Example

A school needs new buses but doesn't have enough money to buy them all at once.

The school can make a deal to rent the buses or rent-to-own them over time. This way, they can get the buses now and pay little by little.

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

Official Source

View on CA.gov

§ 17450 School Equipment Leasing Authority

Last verified: January 23, 2026

Key Terms

lease lease-purchase agreement equipment service systems California School Accounting Manual

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 17450.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References