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. 1Art. 1§ 15108 School District Debt Exclusion

§ 15108 School District Debt Exclusion

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

§ 15108 School District Debt Exclusion

This law says that when a school district (or community college or school facilities district) checks how much debt it has, it should not count the part of its bonds that another district or area is responsible for.

Key Takeaways

  • •Only the debt the district itself must pay counts toward its debt limit.
  • •If another district or territory is on the hook for part of the bonds, that part is ignored.
  • •This rule helps districts stay within the borrowing limits set by other laws.

Example

District A builds a new high school and issues $10 million in bonds. District B promises to pay $3 million of those bonds if needed. When District A looks at its debt limit, it only counts $7 million, not the $3 million that District B will cover.

Because another district (District B) is liable for $3 million, that amount is left out of District A's debt calculation under this law.

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

Official Source
View on CA.gov

§ 15108 School District Debt Exclusion

For the purpose of determining the limitation of indebtedness of a school district, community college district, or school facilities improvement district of any kind or class under Section 15102 or 15106, that portion of the bonded indebtedness of the district for which another district or territory in another district is liable shall be excluded and shall not be deemed to constitute outstanding bonded indebtedness of the district. (Amended by Stats. 2007, Ch. 670, Sec. 5. Effective January 1, 2008.)

Last verified: January 10, 2026

Key Terms

bonded indebtednessschool districtcommunity college districtschool facilities improvement district

Related Statutes

  • § 15111 Bond Election Reporting Requirements
  • § 15266 School District Bond Authorization
  • § 10003 Employee Status During Secondment
  • § 15100 School Bond Elections
  • § 15254 Pre-1978 School Bonds

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 15108.
View Official Source