§ 101120 School Bond Fund Allocation

Education Code·California

AI SummaryVerified

This law says that money raised by selling bonds must be put into the 2016 State School Facilities Fund and then handed out by the State Allocation Board.

Key Takeaways

•Bond money goes into a special school‑building fund.
•The fund is called the 2016 State School Facilities Fund.
•The State Allocation Board decides how the money is split out.

Example

A town sells bonds to help build a new elementary school.

The cash from those bonds goes straight into the State School Facilities Fund, and the State Allocation Board decides how much of that money the town actually gets to use for the school.

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

Official Source

View on CA.gov

§ 101120 School Bond Fund Allocation

The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the 2016 State School Facilities Fund established in the State Treasury under Section 17070.41 and shall be allocated by the State Allocation Board pursuant to this chapter. (Added November 8, 2016, by initiative Proposition 51, Sec. 3.)

Last verified: January 10, 2026

Key Terms

2016 State School Facilities Fund State Allocation Board Section 17070.41

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 101120.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References