LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeEducation CodeDiv. 14Pt. 69Ch. 3Art. 1§ 101032 Community College Bond Fund

§ 101032 Community College Bond Fund

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

§ 101032 Community College Bond Fund

This law sets up a special money pool from bond sales to help pay for building and fixing community college facilities, and lets a state committee borrow money to give that help.

Key Takeaways

  • •A fund called the 2006 California Community College Capital Outlay Bond Fund is created in the state treasury.
  • •The money for the fund comes from selling bonds.
  • •A state committee is allowed to create debt so it can give money to California community colleges.

Example

A community college wants to build a new science lab but doesn't have enough cash.

The Higher Education Facilities Finance Committee can issue bonds, put the money into the new fund, and then give the college the cash it needs to build the lab.

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

Official Source
View on CA.gov

§ 101032 Community College Bond Fund

(a) The 2006 California Community College Capital Outlay Bond Fund is hereby established in the State Treasury for deposit of funds from the proceeds of bonds issued and sold for the purposes of this chapter. (b) The Higher Education Facilities Finance Committee established pursuant to Section 67353 is hereby authorized to create a debt or debts, liability or liabilities, of the State of California pursuant to this chapter for the purpose of providing funds to aid the California Community Colleges. (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 California Community College Capital Outlay Bond FundHigher Education Facilities Finance CommitteeProposition 1D

Related Statutes

  • § 100460 Higher Education Funding Authority
  • § 100650 Higher Education Bond Funding
  • § 100850 Higher Education Bond Funding
  • § 101142 Community College Bond Fund
  • § 100450 California Higher Education Importance

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 101032.
View Official Source