The authority is delegated exclusive control over the use and allocation of the volume cap described in Section 142(k) of the federal Internal Revenue Code, or successor provisions of the Internal Revenue Code. The board of the authority, by resolution, may use the volume cap for obligations issued by the authority or allocate the volume cap to any party.
Cal. Educ. Code § 17199.6
California School Finance Authority
Known as the California School Finance Authority Act
The act spans §§ 17170–17199 (39 sections).
Added by Stats. 2012, Ch. 38, Sec. 37
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.