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HomeEducation CodeDiv. 8Pt. 55Ch. 8Art. 2§ 90023 Bond Project Maintenance Requirements

§ 90023 Bond Project Maintenance Requirements

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

§ 90023 Bond Project Maintenance Requirements

Key Takeaways

  • •If a place (like a school or park) is built using borrowed money (bonds), the people in charge must keep it in good shape.
  • •They have to fix anything that breaks, replace old stuff, and make sure everything works like it should.
  • •This rule is part of the deal when they borrow the money, so they can't ignore it.

Example

A city builds a new library using bonds (borrowed money).

The city must fix broken windows, replace old bookshelves, and keep the library clean and safe for everyone. If they don’t, they’re breaking the rules they agreed to when they borrowed the money.

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

Official Source
View on CA.gov

§ 90023 Bond Project Maintenance Requirements

An indenture may include a clause relating to the bonds issued thereunder requiring the board to make all necessary repairs, renewals and replacements to any project, and to keep the project at all times in good repair, working order and condition. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

indentureagreementcondition

Related Statutes

  • § 90024 Bondholder Security Protection Clause
  • § 90027 Bond Revenue Rate Requirements
  • § 90030 Bond Issuance Limitations Clause
  • § 90071 Project Revenue Bond Use
  • § 90011 Bond Definitions And Terms

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90023.
View Official Source