Cal. Ed. Code § 101425

Current through 2024 Legislative Session
Section 101425 - Appropriation from the General fund to pay principal and interest

Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount that equals the total of the following:

(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable.
(b) The sum necessary to carry out Section 101428, appropriated without regard to fiscal years.

Ca. Educ. Code § 101425

Added by Stats 2024 ch 81 (AB 247),s 28, eff. 11/6/2024 (Approved in Proposition 2 at the November 5, 2024 election.).