Government Code section 53508.6

Notwithstanding any other law, a school district or community college district may, pursuant to this article, issue bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, if the school district or community college district does both of the following:

(a)

Complies with the requirements of subdivisions (b) and (c) of Section 15146 of the Education Code.

(b)

Makes a finding that the useful life of the facility financed with the bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, equals or exceeds the maturity date of those bonds.

Source: Section 53508.6, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=53508.­6.­ (accessed May 14, 2025).

Last Updated

May 12, 2025

§ 53508.6’s source at ca​.gov