Education Code section 101429

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.

Source: Section 101429, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=101429. (updated Nov. 6, 2024; accessed Sep. 1, 2025).

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Up to date

Verified:
Sep. 1, 2025

§ 101429's source at ca.gov

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Location: https://california.public.law/codes/education_code_section_101429

Original Source: Section 101429, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=101429. (last accessed May 12, 2025).