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HomeEducation CodeDiv. 7Pt. 49Ch. 5§ 81904 Bond Validity Independent Projects

§ 81904 Bond Validity Independent Projects

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

§ 81904 Bond Validity Independent Projects

Key Takeaways

  • •The board can issue bonds (like borrowing money) for projects, even if the project isn't finished yet.
  • •The bonds are still valid even if the board makes mistakes in buying, building, or finishing the project.
  • •The bonds don’t become invalid just because the project isn’t completed.

Example

A city wants to build a new park and borrows money by issuing bonds. But then, the park isn’t finished because they run out of money.

The bonds the city issued are still valid, and they still have to pay back the money, even though the park isn’t done.

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

Official Source
View on CA.gov

§ 81904 Bond Validity Independent Projects

The validity of the authorization and issuance of any revenue bonds by the board is not dependent on or affected in any way by: (a) Proceedings taken by the board for the acquisition, construction, or completion of any project or any part thereof. (b) Any contracts made by the board in connection with the acquisition, construction, or completion of any project. (c) The failure to complete any project for which bonds are authorized to be issued. (Added by Stats. 1982, Ch. 251, Sec. 28. Effective June 11, 1982. Operative July 1, 1982, by Sec. 47 of Ch. 251.)

Last verified: January 23, 2026

Key Terms

acquisitioncontractconstructioncompletioneffective juneoperative julyvalidityauthorization

Related Statutes

  • § 92472 Bond Validity Independent Actions
  • § 81952 Project Funding Sources
  • § 90015 Bond Validity Independent Projects
  • § 81938 Bond Issuance Costs Coverage
  • § 81963 Community College Bond Payments

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 81904.
View Official Source