Statute · California Education Code

Cal. Educ. Code § 17199.6 — California School Finance Authority

Cal. Educ. Code § 17199.6

Type
Statute
Source
California Education Code
Jurisdiction
California
Date
2012-06-27
Current through
Nov 2, 2026 (California Legislative Counsel)

The authority is delegated exclusive control over the use and allocation of the volume cap described in Section 142(k) of the federal Internal Revenue Code, or successor provisions of the Internal Revenue Code. The board of the authority, by resolution, may use the volume cap for obligations…

Citator

Cal. Educ. Code § 17199.6 — California School Finance Authority is in force in the current edition of the Code, and nothing recorded condemns it.

The authority is delegated exclusive control over the use and allocation of the volume cap described in Section 142(k) of the federal Internal Revenue Code, or successor provisions of the Internal Revenue Code. The board of the authority, by resolution, may use the volume cap for obligations issued by the authority or allocate the volume cap to any party.