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HomeEducation CodeCh. 5§ 81964 Fund Use For Projects

§ 81964 Fund Use For Projects

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

§ 81964 Fund Use For Projects

Key Takeaways

  • •If there's leftover money in a fund after paying for a project, it can be used for other things related to that project.
  • •The board decides how to use the leftover money.
  • •The leftover money can only be used for things like buying, building, or maintaining the project.

Example

A school builds a new playground with a budget of $100,000. After paying for everything, there's $5,000 left.

The school board can decide to use the leftover $5,000 to buy new equipment for the playground or to maintain it.

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

Official Source
View on CA.gov

§ 81964 Fund Use For Projects

Any balance remaining in any of the funds created by this chapter after payment of all costs, expenses, and charges authorized to be expended therefrom, may be allocated and used for such other purposes incidental to the acquisition, construction, furnishing, equipping, operation, and maintenance of such projects authorized under the provisions of this chapter as the board may determine. (Added by Stats. 1982, Ch. 251, Sec. 28. Effective June 11, 1982. Operative July 1, 1982, by Sec. 47 of Ch. 251.)

Last verified: January 23, 2026

Key Terms

acquisitioneffective juneoperative julyconstructionoperationmaintenance

Related Statutes

  • § 81904 Bond Validity Independent Projects
  • § 81938 Bond Issuance Costs Coverage
  • § 81951 Project Board Authority
  • § 81952 Project Funding Sources
  • § 81962 Community College Revenue Distribution

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 81964.
View Official Source