§ 101010 School Bond Proceeds Allocation

Education Code·California

AI SummaryVerified

This law says that money raised from certain bonds must go into a special school facilities fund, and the State Allocation Board decides how that money is used.

Key Takeaways

•Money from bonds covered by Article 2 (starting at Section 101020) goes into the 2006 State School Facilities Fund.
•The fund is kept in the State Treasury.
•The State Allocation Board decides how the money is spread out to schools.

Example

The state sells bonds to raise cash for fixing old school buildings.

All the cash from those bonds is put into the 2006 State School Facilities Fund, and then the State Allocation Board chooses which schools get the money for repairs.

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

Official Source

View on CA.gov

§ 101010 School Bond Proceeds Allocation

The proceeds of bonds issued and sold pursuant to Article 2 (commencing with Section 101020) shall be deposited in the 2006 State School Facilities Fund established in the State Treasury under subdivision (d) of Section 17070.40 and shall be allocated by the State Allocation Board pursuant to this chapter. (Added by Stats. 2006, Ch. 35, Sec. 16. Approved in Proposition 1D at the November 7, 2006, election.)

Last verified: January 10, 2026

Key Terms

2006 State School Facilities Fund State Allocation Board Proposition 1D

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 101010.

Key Takeaways

Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References