California Legal Codes and Statutes

§ 17457

Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.

Notwithstanding any other provision of this part, in connection with a sale, sale back, lease, or leaseback of school district property, no proceeds obtained by the school district from the sale of the sale back or leaseback agreement, or interests therein, or a debt instrument payable from payments under the sale back or leaseback agreement shall be used for general operating purposes of the school district.

Cite this section

Cal. Educ. Code § 17457 (2026)
https://ca.codecond.com/codes/edc/title-1-general-education-code-provisions/division-1-general-education-code-provisions/part-10-5-school-facilities/chapter-4-property-sale-lease-exchange/article-4-sale-or-lease-of-real-property/section-17457

Other sections in Article 4 - Sale or Lease of Real Property

§ 17455§ 17456§ 17457§ 17457.5§ 17458§ 17459§ 17460§ 17461§ 17462§ 17462.3…§ 17475§ 17476§ 17477§ 17478§ 17479§ 17480§ 17481§ 17482§ 17483§ 17484

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