California Legal Codes and Statutes

§ 17198

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.

Cite this section

Cal. Educ. Code § 17198 (2026)
https://ca.codecond.com/codes/edc/title-1-general-education-code-provisions/division-1-general-education-code-provisions/part-10-school-bonds/chapter-18-california-school-finance-authority/section-17198

Other sections in Chapter 18 - California School Finance Authority

§ 17170§ 17171§ 17172§ 17173§ 17174§ 17175§ 17176§ 17177§ 17178§ 17179…§ 17197§ 17198§ 17199§ 17199.1§ 17199.15§ 17199.2§ 17199.3§ 17199.4§ 17199.5§ 17199.6

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