§ 100432 School Bond Issuance Authority

Education Code·California

AI SummaryVerified

This law tells the State School Building Finance Committee to decide if they should sell bonds to pay for school building money that the State Allocation Board asks for.

Key Takeaways

•The Finance Committee decides if bonds are needed for school building money.
•If bonds are needed, the committee sets the amount to be issued.
•Bonds can be sold in several rounds; they don’t all have to be sold at once.

Example

The State Allocation Board says a district needs $10 million for a new school wing. The Finance Committee looks at the request and decides to issue $10 million in bonds to raise that money.

The committee checks the request, decides bonds are needed, and then sells enough bonds to cover the amount. They don’t have to sell all the bonds at once; they can sell them in pieces over time.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100432 School Bond Issuance Authority

Upon request of the State Allocation Board from time to time, supported by a statement of the apportionments made and to be made for the purposes described in Sections 100415 and 100420, the State School Building Finance Committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to fund the apportionments and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to fund those apportionments progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time. (Added by Stats. 1998, Ch. 407, Sec. 16. Approved in Proposition 1A at the November 3, 1998, election.)

Last verified: January 10, 2026

Key Terms

State Allocation Board State School Building Finance Committee bonds apportionments

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 100432.

§ 100432 School Bond Issuance Authority

Education Code·California

AI SummaryVerified

§ 100432 School Bond Issuance Authority

This law tells the State School Building Finance Committee to decide if they should sell bonds to pay for school building money that the State Allocation Board asks for.

Key Takeaways

•The Finance Committee decides if bonds are needed for school building money.
•If bonds are needed, the committee sets the amount to be issued.
•Bonds can be sold in several rounds; they don’t all have to be sold at once.

Example

The State Allocation Board says a district needs $10 million for a new school wing. The Finance Committee looks at the request and decides to issue $10 million in bonds to raise that money.

The committee checks the request, decides bonds are needed, and then sells enough bonds to cover the amount. They don’t have to sell all the bonds at once; they can sell them in pieces over time.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100432 School Bond Issuance Authority

Last verified: January 10, 2026

Key Terms

State Allocation Board State School Building Finance Committee bonds apportionments

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 100432.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References