§ 15747 Public School Loan Fund

Education Code·California

AI SummaryVerified

This law creates a special state fund called the Public School Building Loan Fund and says the money in it can be used for school building projects whenever needed.

Key Takeaways

•A dedicated fund exists for school building loans.
•Money in the fund is always available for spending.
•The fund works regardless of the state's fiscal year schedule.

Example

A school district wants to borrow money to rebuild a damaged school building.

The district can apply for a loan from the Public School Building Loan Fund, and the state can pay it back using the fund's money without waiting for the normal budget cycle.

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

Official Source

View on CA.gov

§ 15747 Public School Loan Fund

A fund in the State Treasury is hereby created, to be known as the Public School Building Loan Fund. All money in the Public School Building Loan Fund, including any money deposited in the fund from any source whatsoever after July 29, 1949, is hereby continuously appropriated without regard to fiscal years for expenditure pursuant to apportionments made under the provisions of this chapter. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2.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

Public School Building Loan Fund State Treasury continuously appropriated apportionments

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 15747.

Key Takeaways

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Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References