topleft CSBA.org >  Services >  Governance Technology > 

Legal Resources | Education Code |  EC  16071.5  

State School Building Aid Law of 1952. General Provisions   

arrow Previous bar Next arrow

The amounts raised and to be raised by the district during the current fiscal year for repayment of principal and interest for any bonds, issued and sold by an applicant district, which are in excess of the "basic bond requirement," as defined in Section 16002.5, shall not be considered as "eligible bonded debt service" for purposes of computing repayments or deferments pursuant to Sections 16070, 16072, 16073, 16084 and 16086.

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

Reference:

Education Code 16002.5

Education Code 16070

Education Code 16072

Education Code 16073

Education Code 16084

Education Code 16086