§ 16032 School Bond Fund Misuse
This rule lets the board say that if a school district spends bond money on things the law doesn’t allow, that money won’t count as approved debt service, so the district doesn’t have to add extra money to the project.
A school district sells bonds to build a new cafeteria, but it uses part of that money to buy new computers, which isn’t allowed under the bond rules.
The board can decide that the money spent on computers doesn’t count as eligible bond debt, so the district isn’t forced to put more of its own money into the cafeteria project.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 16032 School Bond Fund Misuse
Last verified: January 10, 2026