Statute · California Education Code
Cal. Educ. Code § 35578 — Bonded Indebtedness of School Districts
Cal. Educ. Code § 35578
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 2017-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any unsold bonds of an elementary, high, or unified school district that is included as a whole in a new or acquiring district through any kind of reorganization may be issued by the board of supervisors in the name of the new or acquiring district and the proceeds derived upon the sale thereof…
Citator
Cal. Educ. Code § 35578 — Bonded Indebtedness of School Districts is in force in the current edition of the Code, and nothing recorded condemns it.
Any unsold bonds of an elementary, high, or unified school district that is included as a whole in a new or acquiring district through any kind of reorganization may be issued by the board of supervisors in the name of the new or acquiring district and the proceeds derived upon the sale thereof shall be the funds of the new or acquiring district. However, the proceeds derived upon the sale thereof shall be expended only for the purpose, or purposes, for which those bonds were authorized.