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HomeEducation CodeCh. 2Art. 2§ 101133 School Bond Issuance Authority

§ 101133 School Bond Issuance Authority

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

§ 101133 School Bond Issuance Authority

This law lets the State Allocation Board ask the State School Building Finance Committee to decide if they should sell bonds to pay for school money, and if so, how much to sell.

Key Takeaways

  • •The Board must ask the Committee before any bonds are sold.
  • •The Committee decides if bonds are needed and how much to issue.
  • •Bonds can be sold in multiple issues; they don’t all have to be sold at once.

Example

The State Allocation Board wants money to build a new high school, so it asks the Committee to see if selling bonds would help and how many bonds to issue.

The Board sends a request with the school funding plan, and the Committee checks if bonds are needed and tells the Board the amount to sell. The bonds can be sold in several rounds instead of all at once.

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

Official Source
View on CA.gov

§ 101133 School Bond Issuance Authority

(a) Upon request of the State Allocation Board, 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 related 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. (b) A request of the State Allocation Board pursuant to subdivision (a) shall be supported by a statement of the apportionments made and to be made for the purposes described in Sections 101121 and 101122. (Added November 8, 2016, by initiative Proposition 51, Sec. 3.)

Last verified: January 10, 2026

Key Terms

State Allocation BoardState School Building Finance Committeebondsapportionments

Related Statutes

  • § 100432 School Bond Issuance Authority
  • § 100632 School Bond Issuance Authority
  • § 100832 School Bond Issuance Authority
  • § 101023 School Bond Issuance Authority
  • § 101423 School Bond Issuance Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 101133.
View Official Source