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HomeEducation CodeDiv. 8Pt. 55Ch. 8Art. 2§ 90072 Bondholder Enforcement Rights

§ 90072 Bondholder Enforcement Rights

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

§ 90072 Bondholder Enforcement Rights

Key Takeaways

  • •If someone owns a bond or note from a project, they can make sure the people in charge do their jobs.
  • •They can ask a court to force the people in charge to do things like build, fix, or take care of the project.
  • •They can also make sure money from the project is used the right way.
  • •They can do this even if there are other ways to solve the problem.

Example

A school district sells bonds to build a new school. The people who bought the bonds notice that the school district is not using the money to build the school as promised.

The people who bought the bonds can go to court and ask a judge to make the school district use the money to build the school like they said they would.

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

Official Source
View on CA.gov

§ 90072 Bondholder Enforcement Rights

The holder of any bond or note issued pursuant to this article may by mandamus or other appropriate proceeding require and compel the performance of any of the duties imposed upon the board or upon any official or employee or assumed by any thereof, in connection with the acquisition, construction, operation, maintenance, repair, reconstruction or insurance of any project, or the collection, deposit, investment, application and disbursement of rents, rates, charges, fees and all other revenues derived from the operation and use of any project or in connection with the deposit, investment and disbursement of the proceeds received from the sale of bonds and notes under this article. The enumeration of such rights and remedies does not, however, exclude the exercise or prosecution of any other rights or remedies available to the holders of bonds and notes issued pursuant to this article. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

acquisitioninsuranceperformanceemployeeconnectionoperationinvestmentdisbursement

Related Statutes

  • § 81960 Bondholder Enforcement Rights
  • § 92491 Bondholder Enforcement Rights
  • § 90012 Board Property And Projects
  • § 90076 Fund Use For Projects
  • § 16708 Urban School Construction Funding

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90072.
View Official Source