Education Code § 101148

ARTICLE 3. California Community College Fiscal Provisions

Current as of September 28, 2026Ed. Code, § 101148Official source ↗

Added November 8, 2016, by initiative Proposition 51, Sec. 3.

All money deposited in the 2016 California Community College Capital Outlay Bond Fund that is derived from premium and accrued interest on bonds sold 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 that amounts derived from premium may be reserved and used to pay the cost of the bond issuance prior to any transfer to the General Fund.