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HomeEducation CodeCh. 18§ 17196 Alternative Bond Financing Method

§ 17196 Alternative Bond Financing Method

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

§ 17196 Alternative Bond Financing Method

Key Takeaways

  • •This law gives a special way to pay for projects using bonds (like borrowing money) without following some usual rules.
  • •But if the project has other rules to follow (like safety or building codes), those still apply.
  • •The special borrowing rules only apply to the money part, not the rest of the project.

Example

A city wants to build a new park but doesn’t have enough money right now.

They can use this law to borrow money (sell bonds) without following some normal borrowing rules. But they still have to follow all the other rules for building the park, like making sure it’s safe.

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

Official Source
View on CA.gov

§ 17196 Alternative Bond Financing Method

(a) This chapter shall be deemed to provide a complete, additional, and alternative method for accomplishing the acts authorized in this chapter, and shall be deemed as being supplemental and additional to the powers conferred by other applicable laws, except that the issuance of revenue bonds and refunding bonds and the undertaking or projects or financings under this chapter need not comply with the requirements of any other laws applicable to the issuance of bonds, including, without limitation, Division 13 (commencing with Section 21000) of the Public Resources Code. (b) Except as provided in subdivision (a), the financing of a project under this chapter shall not exempt a project from any of the requirements of law which are otherwise applicable to the project. (Added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 23, 2026

Key Terms

revenue bondsrefunding bondsDivision 13Public Resources Code

Related Statutes

  • § 17184 Revenue Bond Security
  • § 17185 Revenue Bond Liability Limitation
  • § 17186 Bondholder Enforcement Rights
  • § 17191 State Bondholder Protection Pledge
  • § 17193 Project Rent Setting And Collection

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 17196.
View Official Source