{"data":{"id":"us-ca/edc-42133.5","jurisdiction":"us-ca","citation":"EDC § 42133.5","heading":"","body":"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.\n(a) The sale of a saleback or leaseback agreement, or interests in the agreement.\n(b) A debt instrument payable from payments under a saleback or leaseback agreement.\n(c) Certificates of participation.\n(d) Other debt instruments that meet both of the following criteria:\n(A) They are secured by real property.\n(B) They do not require the approval of the voters of the school district.","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"788fb4da854351abcb14367b9add0caec55b72013b97293577fcfdfb3b6e41bb","source_id":"us-ca","stale":false,"prev":"us-ca/edc-42133","next":"us-ca/edc-42134"},"notice":"GroundRules: Original legal text. Not legal advice."}