Education Code section 35561

Any funds derived from the sale of the school bonds issued by the original district shall be used for the acquisition, construction, or improvement of school property only in the territory that comprised the original district or to discharge bonded indebtedness of the original district, except that, if the bonded indebtedness is assumed by the new or acquiring district, the funds may be used in any area of the new district for the purposes for which the bonds were originally voted.

Source: Section 35561, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=35561. (accessed May 12, 2025).

35560
35561
35562
35563
35564
35565
35566

Last Updated

May 12, 2025

§ 35561’s source at ca.gov

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Location: https://california.public.law/codes/education_code_section_35561

Original Source: Section 35561, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=35561. (last accessed May 12, 2025).