Any remaining funds, including any interest earned on those funds, in a county school lease-purchase fund for a school district that remains in the fund on and after January 1, 2026, shall not be reported or returned to the state and may be used by the school district for capital outlay expenditures for school construction.
Cal. Educ. Code § 17037
Projects
Known as the Leroy F. Greene State School Building Lease-Purchase Law
The act spans §§ 17000–17066 (116 sections).
Added by Stats. 2025, Ch. 8, Sec. 12
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.