{"data":{"id":"us-ca/gov-53508.6","jurisdiction":"us-ca","citation":"GOV § 53508.6","heading":"","body":"Notwithstanding any other law, a school district or community college district may, pursuant to this article, issue bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, if the school district or community college district does both of the following:\n(a) Complies with the requirements of subdivisions (b) and (c) of Section 15146 of the Education Code.\n(b) Makes a finding that the useful life of the facility financed with the bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, equals or exceeds the maturity date of those bonds.","path":["Government Code - GOV","TITLE 5. LOCAL AGENCIES [50001. - 57607.]","DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","CHAPTER 3. Bonds [53400. - 53595.55.]","ARTICLE 4.5. General Obligation Bonds [53506. - 53509.5.]"],"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":"69b038ea3b31d28303f1c85e87e0c85500667dbd5ef19e963cca5c245c8bc6bc","source_id":"us-ca","stale":false,"prev":"us-ca/gov-53508.5","next":"us-ca/gov-53508.7"},"notice":"GroundRules: Original legal text. Not legal advice."}