California Education Code

§ 17199.1

EDC § 17199.1 Effective Jun 27, 2012Div. 1 · Title 1 · Part 10 · Ch. 18

Statute text

(a)Any participating party, exclusively for the purpose of securing financing or refinancing of projects or working capital pursuant to this chapter through the issuance, by the authority, of revenue bonds, certificates of participation, or other means, and notwithstanding any other law, may do any of the following:

(1)Sell to the authority all or part of any rights to or possibilities regarding the state’s share of funding for school facilities approved by the State Allocation Board pursuant to Chapter 12.5 (commencing with Sec. 17070.10), including amounts apportioned and funded and amounts approved but not yet funded by the State Allocation Board from proceeds of state bonds already authorized by the electors but not yet issued.

(2)Issue bonds to the authority.

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Legislative history

Amended by Stats. 2012, Ch. 38, Sec. 34. (SB 1016) Effective June 27, 2012.