California Education Code

§ 101012

EDC § 101012 Effective Jun 20, 2014Div. 14 · Title 3 · Part 69 · Ch. 2 · Art. 1

Statute text

(a)The proceeds from the sale of bonds, issued and sold for the purposes of this chapter, shall be allocated in accordance with the following schedule:

(1)The amount of one billion nine hundred million dollars ($1,900,000,000) for new construction of school facilities of applicant school districts under Chapter 12.5 (commencing with Section 17070.10) of Part 10. Of the amount allocated under this paragraph, up to 10.5 percent shall be available for purposes of seismic repair, reconstruction, or replacement, pursuant to Section 17075.10.

(2)The amount of five hundred million dollars ($500,000,000) shall be available for providing school facilities to charter schools pursuant to Article 12 (commencing with Section 17078.52) of Chapter 12.5 of Part 10.

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Legislative history

Amended by Stats. 2014, Ch. 39, Sec. 4. (SB 869) Effective June 20, 2014. Note: This section was added by Stats. 2006, Ch. 35, and approved in Prop. 1D on Nov. 7, 2006.