GroundRules
EDC § 42133.5
Where this section sits in the code
- Education Code - EDC
- TITLE 2. ELEMENTARY AND SECONDARY EDUCATION [33000. - 65001.]
- DIVISION 3. LOCAL ADMINISTRATION [35000. - 45500.]
- PART 24. SCHOOL FINANCE [41000. - 43052.]
- CHAPTER 6. Financial Statements of School Districts [42100. - 42142.]
- ARTICLE 3. Financial Reports and Certifications [42130. - 42134.]
Regardless of the certification of the budgetary status of a school district or county office of education under subdivision (l) of Section 1240 or Section 42131, the proceeds obtained by a school district from the sources listed in subdivisions (a) to (d), inclusive, shall not be used for general operating purposes of the school district.
(a) The sale of a saleback or leaseback agreement, or interests in the agreement.
(b) A debt instrument payable from payments under a saleback or leaseback agreement.
(c) Certificates of participation.
(d) Other debt instruments that meet both of the following criteria:
(A) They are secured by real property.
(B) They do not require the approval of the voters of the school district.
Collected 2026-09-14T05:56:33Z. Source file · JSON