Cal. Ed. Code § 100832

Current through the 2024 Legislative Session.

Section 100832 - Determination as to whether bonds necessary or desirable

Upon request of the State Allocation Board from time to time, supported by a statement of the apportionments made and to be made for the purposes described in Sections 100815 and 100820, the State School Building Finance Committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to fund the apportionments and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to fund those apportionments progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.

Ca. Educ. Code § 100832

Added by Stats 2002 ch 33 (AB 16),s 31, approved 3/2/2004, Proposition 55 (click here to link to text of proposition 55).