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HomeEducation CodeDiv. 8Pt. 55Ch. 8Art. 2§ 90025 Bond Security Lien Protection

§ 90025 Bond Security Lien Protection

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

§ 90025 Bond Security Lien Protection

Key Takeaways

  • •If someone builds or fixes something for a project paid for by bonds, they must get paid for their work or supplies.
  • •If they don’t get paid, they could put a legal claim on the project’s money or property.
  • •This rule makes sure the project’s money and property stay safe for the people who bought the bonds.

Example

A company builds a new school using money from bonds. The builders and suppliers who worked on the school must get paid.

If the builders don’t get paid, they could try to take money from the school’s budget or property. This rule says the school must pay them so the bond money stays safe.

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

Official Source
View on CA.gov

§ 90025 Bond Security Lien Protection

An indenture may include a clause relating to the bonds issued thereunder requiring the board to pay and discharge or cause to be paid and discharged all lawful claims for labor, materials and supplies or other charges which, if unpaid, might become a lien or charge upon the revenues, or any part thereof, of any project acquired, constructed or completed from the proceeds of the sale of the bonds, or upon any physical properties, or which might impair the security of the bonds. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

agreementpropertylienclaimsecurity

Related Statutes

  • § 92519 Bond Revenue Lien Protection
  • § 90012 Board Property And Projects
  • § 90016 Revenue Bond Issuance Rules
  • § 90019 Bond Security Covenants
  • § 90024 Bondholder Security Protection Clause

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90025.
View Official Source