California Legal Codes and Statutes

§ 101450

Added by Stats. 2024, Ch. 81, Sec. 28. (AB 247) Approved in Proposition 2 at the November 5, 2024, election. Effective November 6, 2024.

All moneys deposited in the 2024 California Community College Capital Outlay Bond Fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter 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 those amounts derived from premium may be reserved and used to pay the cost of the bond issuance before any transfer to the General

Fund.

Cite this section

Cal. Educ. Code § 101450 (2026)
https://ca.codecond.com/codes/edc/title-3-postsecondary-education/division-14-miscellaneous/part-72-the-kindergarten-through-grade-12-schools-and-local-community-college-public-education-facilities-modernization-repair-and-safety-bond-act-of-2024/chapter-3-california-community-college-facilities/article-3-california-community-college-fiscal-provisions/section-101450

Other sections in Article 3 - California Community College Fiscal Provisions

§ 101442§ 101443§ 101444§ 101445§ 101446§ 101447§ 101448§ 101449§ 101450§ 101451§ 101452

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.