SECTIONS 100400-100405 - California Statutes

EDUCATION CODE

SECTION 100400-100405

100400. This part shall be known and may be cited as the Class Size
Reduction Kindergarten-University Public Education Facilities Bond
Act of 1998.

100401. The incorporation of, or reference to, any provisions of
California statutory law in this part includes all acts amendatory
thereof and supplementary thereto.

100403. (a) Bonds in the total amount of nine billion two hundred
million dollars ($9,200,000,000), not including the amount of any
refunding bonds issued in accordance with Chapter 2 (commencing with
Section 100410) and Chapter 3 (commencing with Section 100450), or so
much thereof as is necessary, may be issued and sold to provide a
fund to be used for carrying out the purposes expressed in this part
and to reimburse the General Obligation Bond Expense Revolving Fund
pursuant to Section 16724.5 of the Government Code. The bonds, when
sold, shall be and constitute a valid and binding obligation of the
State of California, and the full faith and credit of the State of
California is hereby pledged for the punctual payment of the
principal of, and interest on, the bonds as the principal and
interest become due and payable.
(b) Pursuant to this section, the Treasurer shall sell the bonds
authorized by the State School Building Finance Committee established
by Section 15909 and the Higher Education Facilities Finance
Committee established pursuant to Section 67353 at any different
times necessary to service expenditures required by the
apportionments.

100405. For purposes of this part, "Chapter 12" means Chapter 12
(commencing with Section 17000) of Part 10 and "Chapter 12.5" means
Chapter 12.5 (commencing with Section 17070.10) of Part 10.