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HomeEducation CodeCh. 1Art. 9§ 15252 County Bond Tax Levy

§ 15252 County Bond Tax Levy

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

§ 15252 County Bond Tax Levy

Each year the county board must guess how much money will be needed to pay back school bonds that voters approved but haven’t been sold yet, and then set a tax that will cover that amount.

Key Takeaways

  • •The county board must make the estimate every year when it sets the tax bill.
  • •The estimate is based on bonds that voters approved but haven’t been sold yet.
  • •The tax levy must be enough to pay both the loan amount (principal) and the interest on those bonds.

Example

A school district wants to build a new library and asks voters to approve $10 million in bonds, but the bonds haven’t been sold yet.

The district tells the county board it expects to sell the bonds soon. The county board then estimates how much will be needed each year to pay the loan’s principal and interest, and adds enough tax to the county budget to cover those payments.

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

Official Source
View on CA.gov

§ 15252 County Bond Tax Levy

The board of supervisors of the county, the superintendent of schools which has jurisdiction over any school district, shall annually at the time of making the levy of taxes for county purposes estimate the amount of money required to meet the payment of the principal and interest on bonds of the district authorized by the electors of the district and not sold, and which the governing board of the district informs the board in their belief will be sold before the next tax levy, and the board of supervisors shall levy a tax sufficient to pay the principal and interest so estimated. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 10, 2026

Key Terms

board of supervisorssuperintendent of schoolsprincipal and interestbondstax levy

Related Statutes

  • § 15260 Multi-County District Tax Assessment
  • § 15142 Community College Bond Issuance
  • § 15147 Bond Sale Notice Requirement
  • § 15182 Bond Validity After Officer Changes
  • § 15200 Bond Sale Cancellation Process

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 15252.
View Official Source