§ 100015 School Building Lease-Purchase Fund
This law says money put into the State School Building Lease‑Purchase Fund can be used to give financial help to school districts, county superintendents, and county boards of education, and also to pay back any loans taken from the fund with interest and to reimburse the bond expense fund.
A school district wants to build a new high school and needs extra money. The district can get aid from the State School Building Lease‑Purchase Fund because the law lets the fund provide that help.
The fund’s money is used to give the district the cash it needs for the building, following the rules in the Leroy F. Greene State School Building Lease‑Purchase Law.
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§ 100015 School Building Lease-Purchase Fund
Last verified: January 10, 2026