California Education Code ARTICLE 3 - Issuance and Sale of Bonds

• Section 15140.
  (a) Bonds of a school district or community college district shall be offered for sale by the board of supervisors of the county, the county superintendent...
• Section 15140.5.
  For purposes of this article, “bonds” means bonds, notes, warrants, or other evidence of indebtedness payable, both principal and interest, from the proceeds of ad...
• Section 15141.
  When authorized by the governing board of a school district or a community college district, bonds of a school district or a community college district...
• Section 15142.
  The bonds shall be issued in the denomination or denominations as the board of supervisors or governing board of the community college district may prescribe.(Repealed...
• Section 15143.
  The bonds shall not bear a rate of interest greater than 8 percent per annum, payable annually or semiannually.(Repealed and added by Stats. 1996, Ch....
• Section 15144.
  The number of years the whole or any part of the bonds are to run shall not exceed 25 years, from the date of the...
• Section 15144.1.
  The ratio of total debt service to principal for each bond series shall not exceed four to one. (Added by Stats. 2013, Ch. 477, Sec....
• Section 15144.2.
  A bond that allows for the compounding of interest, including, but not limited to, a capital appreciation bond, maturing more than 10 years after its...
• Section 15144.3.
  A school district or community college district with a note issued before December 31, 2013, pursuant to Section 15150 may seek from the state board...
• Section 15145.
  (a) The board of supervisors by an order entered upon its minutes shall prescribe the form of the bonds. The bonds shall be signed by the...
• Section 15146.
  (a) The bonds shall be issued and sold pursuant to Section 15140, payable out of the interest and sinking fund of the school district or community...
• Section 15147.
  Before selling the bonds, or any part of them, the board of supervisors or community college district, as appropriate, shall give notice as required by...
• Section 15148.
  If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder or bidders, and the clerk of the...
• Section 15149.
  The issuing school district or community college district by action of its governing board may prepare, or have prepared, bond brochures to serve as a...
• Section 15150.
  (a) When the governing board of a school district or a community college district deems it in the best interests of the district, it may by...

Last modified: October 22, 2018