§ 19971 Bond Issuance Procedures

Education Code·California

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Key Takeaways

•This law says that special money-borrowing rules (called 'bonds') must follow the big state rules for borrowing money.
•The big state rules explain how to make, sell, and pay back the borrowed money.
•If this law and the big state rules say different things, the big state rules win.

Example

Imagine your school wants to borrow money to build a new playground.

The school must follow the big rules the state has for borrowing money, like how to ask for the money, how to pay it back, and what to do if they can't pay it back.

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

Official Source

View on CA.gov

§ 19971 Bond Issuance Procedures

The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), and all of the provisions of that law apply to the bonds and to this chapter and are hereby incorporated in this chapter as though set forth in full in this chapter. (Added by Stats. 1988, Ch. 49, Sec. 1. Approved in Proposition 85 at the November 8, 1988, election.)

Last verified: January 23, 2026

Key Terms

bonds State General Obligation Bond Law

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 19971.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References