Education Code section 17457

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.

Source: Section 17457, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=17457. (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 17457’s source at ca.gov

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Location: https://california.public.law/codes/education_code_section_17457

Original Source: Section 17457, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=17457. (last accessed Apr. 24, 2025).