Education Code § 17198

CHAPTER 18. California School Finance Authority

Current as of September 28, 2026Ed. Code, § 17198Official source ↗

Added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.

Any net earnings of the authority beyond that necessary for the retirement of any obligations issued by the authority, or to implement the purposes of this chapter, may inure only to the benefit of the State of California or the authority.