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HomeEducation CodeDiv. 8Pt. 55Ch. 8Art. 2§ 90071 Project Revenue Bond Use

§ 90071 Project Revenue Bond Use

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

§ 90071 Project Revenue Bond Use

Key Takeaways

  • •If a project is built using money from special bonds, it can't be used for free.
  • •No one gets free access to the facilities built with this money.
  • •Everyone has to pay to use it.

Example

A new park is built using money from special bonds.

The park can't let people in for free. Everyone has to pay to enter or use the facilities.

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

Official Source
View on CA.gov

§ 90071 Project Revenue Bond Use

The board may also include in an indenture a covenant that no project acquired, constructed or completed from the proceeds of revenue bonds issued under the provisions of this article shall be used without charge therefor or any facilities thereof be furnished free of charge to any person. (Amended by Stats. 1988, Ch. 740, Sec. 30.)

Last verified: January 23, 2026

Key Terms

indentureagreementcovenantthe board

Related Statutes

  • § 90012 Board Property And Projects
  • § 90018 Revenue Bond Indenture Terms
  • § 90019 Bond Security Covenants
  • § 90023 Bond Project Maintenance Requirements
  • § 90024 Bondholder Security Protection Clause

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90071.
View Official Source