§ 14059 Bond Administration Funding Limit

• •The board can use up to 5% of the bond money for running things.
• •The Legislature must approve this spending every year in the Budget Act.
• •This rule was added in 1988.

Imagine the state gets $100 million to build new schools.

The board can use up to $5 million (5%) of that money to pay for things like salaries, offices, and supplies to manage the project. But they can only do this if the Legislature says it's okay in the yearly budget.