Ed. Code, § 15106 · Article 1. Purposes for Authorizing Bonds
Ed. Code, § 15106
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A unified school district or community college district may issue bonds that, in aggregation with bonds issued pursuant to Section 15270, shall not exceed 2.5 percent of the taxable property of the school district or community college district, or the school facilities improvement district, if applicable, as shown by the last equalized assessment of the county or counties in which the district is located.
In computing the outstanding bonded indebtedness of a unified school district or community college district for all purposes of this section, any outstanding bonds shall be deemed to have been issued for elementary school purposes, high school purposes, and community college purposes, respectively, in the respective amounts that the proceeds of the sale of those outstanding bonds, excluding any premium and accrued interest received on that sale, were or have been allocated by the governing board of the unified school district or community college district to each of those purposes respectively.
(a) For the purposes of the State School Building Aid Law of 1952 (Chapter 6 (commencing with Section 16000)) with respect to applications for apportionments and apportionments filed or made prior to September 15, 1961, and to the repayment thereof, Chapter 4 (commencing with Section 15700), inclusive, only, a unified school district shall be considered to have a bonding capacity in the amount permitted by law for an elementary school district and a bonding capacity in the amount permitted by law for a high school district.
(b) For purposes of this section, the taxable property of a district for a fiscal year shall be calculated to include, but not be limited to, the assessed value of all unitary and operating nonunitary property of the district, which shall be derived by dividing the gross assessed value of the unitary and operating nonunitary property within the district for the 1987–88 fiscal year by the gross assessed value of all unitary and operating nonunitary property within the county in which the district is located for the 1987–88 fiscal year, and multiplying the result by the gross assessed value of all unitary and operating nonunitary property of the county on the last equalized assessment roll. In the event of the unification of two or more school districts or community college districts subsequent to the 1987–88 fiscal year, the assessed value of all unitary and operating nonunitary property of the unified district or community college district shall be deemed to be the total of the assessed value of the taxable property of each of the unifying districts as that assessed value would be determined under Section 15102.
Notes and commentary — not statutory text
History
Amended by Stats. 2007, Ch. 670, Sec. 3. Effective January 1, 2008.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=15106.
- Text hash
- sha256 7eb0c75fbee34139f3be2ca84b05b8a674e23817f7f7f50e072b2ed4adda5b60
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Education Code
- Ed. Code, § 15102Printed as Section 15102
- Ed. Code, § 15270Printed as Section 15270
- Ed. Code, tit. 1, div. 1, pt. 10, ch. 4State School Building Aid Law, 1949Printed as Chapter 4 (commencing with Section 15700)
- Ed. Code, tit. 1, div. 1, pt. 10, ch. 6State School Building Aid Law of 1952Printed as Chapter 6 (commencing with Section 16000)
Cited by 8 provisions
Provisions in this library whose text cites Ed. Code, § 15106. Each shows the citation as that text prints it.
Education Code
- Ed. Code, § 15105Printed as Sections 15102 and 15106
- Ed. Code, § 15107Printed as Section 15102 or 15106
- Ed. Code, § 15108Printed as Section 15102 or 15106
- Ed. Code, § 15334.5Printed as Sections 15102 and 15106
- Ed. Code, § 17070.15Printed as Sections 15102, 15106, 15268, and 15270
- Ed. Code, § 17075.15Printed as Section 15102 or 15106
- Ed. Code, § 35582Printed as Section 15106
- Ed. Code, § 81349Printed as Sections 15102 and 15106, 50
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