§ 16311 School Bond Fund Limits

Education Code·California

AI SummaryVerified

This law says that only up to $250 million from the money raised by certain school bonds can be spent under this rule.

Key Takeaways

•The spending limit is $250 million.
•It only applies to money from bonds created under the 1972 School Building Aid and Earthquake Reconstruction and Replacement Bond Law.
•Any amount above $250 million cannot be used under this article.

Example

A city sells bonds to rebuild schools after an earthquake.

Even if the bond sale brings in $300 million, the city can only use $250 million of that money for the projects covered by this law.

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

Official Source

View on CA.gov

§ 16311 School Bond Fund Limits

Not to exceed two hundred fifty million dollars ($250,000,000) of the proceeds of the sale of bonds authorized by the School Building Aid and Earthquake Reconstruction and Replacement Bond Law of 1972 may be expended pursuant to this article. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2.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

two hundred fifty million dollars ($250,000,000)School Building Aid and Earthquake Reconstruction and Replacement Bond Law of 1972 Stats. 1996, Ch. 277, Sec. 2

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 16311.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References