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HomeEducation CodeDiv. 14Pt. 68.2Ch. 3Art. 5§ 100930 General Fund Bond Appropriation

§ 100930 General Fund Bond Appropriation

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 100930 General Fund Bond Appropriation

This law says the state will set aside money each year from the General Fund to pay back the bonds it sells and to fund the work in Section 100945, no matter what fiscal year it is.

Key Takeaways

  • •Money comes from the General Fund in the State Treasury.
  • •The amount equals what is needed each year to pay bond principal and interest.
  • •It also covers the costs for Section 100945, without being limited by fiscal‑year budgeting.

Example

The state sells bonds to build a new highway. Each year it must pay back part of the loan and the interest, and it also has to fund a related program in Section 100945.

The money taken from the General Fund will be used to cover the highway bond payments when they are due and to keep the Section 100945 program running, even if the program’s budget doesn’t line up with the normal yearly budget.

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

Official Source
View on CA.gov

§ 100930 General Fund Bond Appropriation

Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount that will equal the total of the following: (a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable. (b) The sum necessary to carry out Section 100945, appropriated without regard to fiscal years. (Added by Stats. 2002, Ch. 33, Sec. 31. Approved in Proposition 55 at the March 2, 2004, election.)

Last verified: January 10, 2026

Key Terms

General FundState TreasurybondsprincipalinterestSection 100945Proposition 55

Related Statutes

  • § 100530 Bond Payment Appropriations
  • § 101036 Bond Payment Appropriation
  • § 101146 School Bond Funding Appropriation
  • § 100725 Bond Payment Revenue Collection
  • § 100925 Bond Principal And Interest Collection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 100930.
View Official Source