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HomeEducation CodeDiv. 14Pt. 70Ch. 3Art. 1§ 101142 Community College Bond Fund

§ 101142 Community College Bond Fund

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

§ 101142 Community College Bond Fund

This law creates a special money pool called the 2016 California Community College Capital Outlay Bond Fund and lets a state committee borrow money to put into that pool to help community colleges.

Key Takeaways

  • •A bond fund for community college projects is set up in the state treasury.
  • •The Higher Education Facilities Finance Committee can issue state debt to fill the fund.
  • •The money raised is used to support capital projects at California community colleges.

Example

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

The college can get money from the bond fund, which was filled by selling bonds that the state promised to pay back later. The money helps pay for the lab construction.

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

Official Source
View on CA.gov

§ 101142 Community College Bond Fund

(a) The 2016 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 November 8, 2016, by initiative Proposition 51, Sec. 3.)

Last verified: January 10, 2026

Key Terms

2016 California Community College Capital Outlay Bond FundHigher Education Facilities Finance CommitteeCalifornia Community Colleges

Related Statutes

  • § 100460 Higher Education Funding Authority
  • § 100457 University Campus Development Funding
  • § 100650 Higher Education Bond Funding
  • § 100850 Higher Education Bond Funding
  • § 101032 Community College Bond Fund

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 101142.
View Official Source