Today's Law As Amended


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SB-543 Bonds: school districts and community college districts.(2023-2024)



As Amends the Law Today


SECTION 1.

 Section 15140.5 of the Education Code is amended to read:

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 valorem property taxes that may be levied without limitation as to rate or amount upon property subject to taxation by the governing board of the school district or the governing board of the  community college district.