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HomeEducation CodeCh. 3Art. 15§ 18562 Library Bond Fund Use

§ 18562 Library Bond Fund Use

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

§ 18562 Library Bond Fund Use

Key Takeaways

  • •Money collected from taxes must go to the county treasury.
  • •This money can only be used to pay back library district bonds (like loans for the library).
  • •The money cannot be used for anything else.

Example

Your town collects extra taxes to build a new library.

The money from those taxes can only be used to pay back the loan for the library, not for fixing roads or schools.

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

Official Source
View on CA.gov

§ 18562 Library Bond Fund Use

All money levied, when collected, shall be paid into the county treasury to the credit of the library district, and be used for the payment of principal and interest on the bonds, and for no other purpose. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

money leviedcounty treasurylibrary districtprincipal and interestbonds

Related Statutes

  • § 19529 Library Bond Fund Use
  • § 19731 Library Bond Payment Funds
  • § 18550 Unsold Bond Cancellation Process
  • § 18555 Unused Bond Proceeds Disposal
  • § 18561 Bond Tax Minimum Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 18562.
View Official Source