SECTIONS 15900-15909 - California Statutes

EDUCATION CODE

SECTION 15900-15909

15900. For the purpose of creating a fund to provide aid to school
districts of the state, the State School Building Finance Committee,
created by Section 15909, shall be and it hereby is authorized and
empowered to create a debt or debts, liability or liabilities, of the
state in the manner and to the extent hereinafter provided, but not
otherwise, nor in excess thereof.

15909. There is hereby created a State School Building Finance
Committee composed of the Governor, Controller, Treasurer, Director
of Finance, and Superintendent of Public Instruction, all of whom
shall serve thereon without compensation and a majority of whom shall
be empowered to act for the committee. Two Members of the Senate
appointed by the Senate Committee on Rules, and two Members of the
Assembly appointed by the speaker, shall meet and advise with the
committee to the extent that the advisory participation is not
incompatible with their respective positions as Members of the
Legislature. For the purposes of this chapter, these Members of the
Legislature shall constitute an interim investigation committee on
the subject of this chapter and as such shall have the powers and
duties imposed upon these committees by the Joint Rules of the Senate
and the Assembly. The Director of Finance shall provide any
assistance to the State School Building Finance Committee that it may
require. The Attorney General of the state shall be the legal
adviser of the State School Building Finance Committee.