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HomeEducation CodeCh. 14.3Art. 3§ 67336 Bond Issuance Procedures

§ 67336 Bond Issuance Procedures

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

§ 67336 Bond Issuance Procedures

Key Takeaways

  • •This law says the state can borrow money by selling special papers called bonds.
  • •The rules for how to make, sell, and pay back these bonds are the same as the rules in another law called the State General Obligation Bond Law.
  • •A group called the State Public Works Board is in charge of handling these bonds.

Example

Imagine the state needs money to build new schools.

The state can sell bonds to get the money, but they have to follow the rules in the State General Obligation Bond Law. The State Public Works Board will handle the whole process, like making the bonds, selling them, and paying the money back later.

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

Official Source
View on CA.gov

§ 67336 Bond Issuance Procedures

The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), and all of the provisions of that law apply to the bonds and to this chapter and are hereby incorporated in this chapter as though set forth in full in this chapter. For purposes of the State General Obligation Bond Law, the State Public Works Board is designated the “board.” (Added by Stats. 1988, Ch. 44, Sec. 1. Approved in Proposition 78 at the November 8, 1988, election.)

Last verified: January 23, 2026

Key Terms

obligationbond lawhow theythe state publicworks boardstate public workspropositionelection

Related Statutes

  • § 67358.6 Bond Issuance And Administration
  • § 67335 State Education Bond Authorization
  • § 67347.1 Bond Issuance And Administration
  • § 67347.9 Bond Tax Compliance Accounts
  • § 67338 Bond Payment Revenue Collection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 67336.
View Official Source