Section 53508.6.

Cal. Government Code - GOV § 53508.6.
in effect
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Notwithstanding any other law, a school district or community college district may, pursuant to this article, issue bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, if the school district or community college district does both of the following: (a) Complies with the requirements of subdivisions (b) and (c) of Section 15146 of the Education Code. (b) Makes a finding that the useful life of the facility financed with the bonds that do not allow for the compounding of interest and that have a maturity greater than 30 years, but not greater than 40 years, equals or exceeds the maturity date of those bonds.

References

referencesCal. Education Code - EDC § 15146.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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Cal. Government Code - GOV § 53508.6. — Section 53508.6 | Government Code - GOV | Corpus