Statute · California Education Code
Cal. Educ. Code § 15220 — Purchase of Bonds by Issuing School Districts and Community College Districts
Cal. Educ. Code § 15220
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The governing board of a school district or community college district may purchase in the open market bonds issued by the district. The cost of bonds purchased may be paid out of any funds of the district not required by law to be set aside for teachers’ salaries.
Citator
Cal. Educ. Code § 15220 — Purchase of Bonds by Issuing School Districts and Community College Districts is in force in the current edition of the Code, and nothing recorded condemns it.
The governing board of a school district or community college district may purchase in the open market bonds issued by the district. The cost of bonds purchased may be paid out of any funds of the district not required by law to be set aside for teachers’ salaries.