{"code":"EDC","codeName":"Education Code","section":"42133.5","citation":"Ed. Code, § 42133.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. ELEMENTARY AND SECONDARY EDUCATION [33000. - 65001.]","url":"https://blackletter.si/education-code/title-2"},{"name":"DIVISION 3. LOCAL ADMINISTRATION [35000. - 45500.]","url":"https://blackletter.si/education-code/title-2/division-3"},{"name":"PART 24. SCHOOL FINANCE [41000. - 43052.]","url":"https://blackletter.si/education-code/title-2/division-3/part-24"},{"name":"CHAPTER 6. Financial Statements of School Districts [42100. - 42142.]","url":"https://blackletter.si/education-code/title-2/division-3/part-24/chapter-6"},{"name":"ARTICLE 3. Financial Reports and Certifications [42130. - 42134.]","url":"https://blackletter.si/education-code/title-2/division-3/part-24/chapter-6/article-3"}],"history":"Amended by Stats. 2009, Ch. 140, Sec. 52.   (AB 1164)   Effective January 1, 2010.","effective":"2010-01-01","html":"<p>Regardless of the certification of the budgetary status of a school district or county office of education under subdivision (<i>l</i>) of Section <a href=\"/edc/1240\">1240</a> or Section <a href=\"/edc/42131\">42131</a>, the proceeds obtained by a school district from the sources listed in subdivisions (a) to (d), inclusive, shall not be used for general operating purposes of the school district.</p><p>(a) The sale of a saleback or leaseback agreement, or interests in the agreement.</p><p>(b) A debt instrument payable from payments under a saleback or leaseback agreement.</p><p>(c) Certificates of participation.</p><p>(d) Other debt instruments that meet both of the following criteria:</p><p>(A) They are secured by real property.</p><p>(B) They do not require the approval of the voters of the school district.</p>","text":"Regardless of the certification of the budgetary status of a school district or county office of education under subdivision (l) of Section 1240 or Section 42131, the proceeds obtained by a school district from the sources listed in subdivisions (a) to (d), inclusive, shall not be used for general operating purposes of the school district. (a) The sale of a saleback or leaseback agreement, or interests in the agreement. (b) A debt instrument payable from payments under a saleback or leaseback agreement. (c) Certificates of participation. (d) Other debt instruments that meet both of the following criteria: (A) They are secured by real property. (B) They do not require the approval of the voters of the school district.","otherVersions":[],"url":"https://blackletter.si/education-code/financial-reports-and-certifications-42133-5","source":"California Legislative Information bulk export (pubinfo)"}