California Legal Codes and Statutes

§ 101429

Added by Stats. 2024, Ch. 81, Sec. 28. (AB 247) Approved in Proposition 2 at the November 5, 2024, election. Effective November 6, 2024.

All moneys deposited in the 2024 State School Facilities Fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest, except those amounts derived from premium may be reserved and used to pay the cost of the bond issuance before any transfer to the General Fund.

Cite this section

Cal. Educ. Code § 101429 (2026)
https://ca.codecond.com/codes/edc/title-3-postsecondary-education/division-14-miscellaneous/part-72-the-kindergarten-through-grade-12-schools-and-local-community-college-public-education-facilities-modernization-repair-and-safety-bond-act-of-2024/chapter-2-kindergarten-through-grade-12/article-2-kindergarten-through-grade-12-school-facilities-fiscal-provisions/section-101429

Other sections in Article 2 - Kindergarten Through Grade 12 School Facilities Fiscal Provisions

§ 101420§ 101421§ 101422§ 101423§ 101424§ 101425§ 101426§ 101427§ 101428§ 101429§ 101430§ 101431

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.