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 CodeCh. 3Art. 3§ 101145 Higher Education Bond Authorization

§ 101145 Higher Education Bond Authorization

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

§ 101145 Higher Education Bond Authorization

The law lets the Higher Education Facilities Finance Committee issue bonds only to pay for projects that the state budget has already approved.

Key Takeaways

  • •Bonds can only be used for projects that the Legislature has specifically funded in the Budget Act.
  • •The committee decides if and how much to borrow, but the amount cannot exceed the approved allocation.
  • •Multiple bond issues are allowed, but they must follow the same funding limits.

Example

A community college wants to build a new science lab.

The committee can issue bonds to fund the lab only if the state budget includes money for that project, and the bond amount cannot be larger than the approved funding.

How to Calculate

Bond amount = amount allocated in the annual Budget Act for the specific project

  1. Find the amount of money the Legislature allocated for the project in the Budget Act.
  2. The committee decides if issuing bonds is needed to fund that project.
  3. The committee may issue bonds up to the allocated amount.

The Budget Act allocates $12 million for a new dormitory at a state university.

Result: 12000000

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

Official Source
View on CA.gov

§ 101145 Higher Education Bond Authorization

The Higher Education Facilities Finance Committee established pursuant to Section 67353 shall authorize the issuance of bonds under this chapter only to the extent necessary to fund the related apportionments for the purposes described in this chapter that are expressly authorized by the Legislature in the annual Budget Act. Pursuant to that legislative direction, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the purposes described in this chapter and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time. (Added November 8, 2016, by initiative Proposition 51, Sec. 3.)

Last verified: January 10, 2026

Key Terms

Higher Education Facilities Finance CommitteebondsBudget Actapportionments

Related Statutes

  • § 101035 Higher Education Bond Authorization
  • § 101444 Higher Education Bond Authorization
  • § 100520 Higher Education Bond Authorization
  • § 100720 Bond Issuance Authorization Limits
  • § 100920 Higher Education Bond Authorization

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 101145.
View Official Source