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General obligation bonds; purposes   

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General obligation bonds of the school facilities improvement district may be issued for the following purposes, if the purpose of the bonds is to benefit the land within the school facilities improvement district consistent with any of the following:

(a) To purchase real property upon which to construct school facilities.

(b) To build or purchase school facilities.

(c) To make alterations or additions to the school facilities other than those necessary for ordinary maintenance, operation, or repairs.

(d) To repair, restore, or rebuild any school facilities damaged, injured, or destroyed by fire or other public calamity.

(e) To supply playgrounds with furniture, equipment, or necessary apparatus of a permanent nature.

(f) To permanently improve school grounds.

(g) To refund any valid outstanding indebtedness of the school facilities improvement district that is evidenced by bonds.

(h) To carry out the projects or purposes authorized in Section 39613.

(i) To demolish or raze any school building with the intent to replace it with another school building, whether in the same location or in any other location.

(Added by Stats. 1996, Ch. 277, Sec. 2. Operative January 1, 1998.)

Reference:

Education Code 39613 (Repealed same provision added at Education Code 17577.)