California Education Code 17171 – The Legislature hereby finds and declares that it is in the interest …
The Legislature hereby finds and declares that it is in the interest of the state and its people for the state to do all of the following:
(a) Reconstruct, remodel, or replace existing school buildings that are educationally inadequate or that do not meet current structural safety requirements.
Terms Used In California Education Code 17171
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Working capital: means funds to be used by, or on behalf of, a participating party to pay maintenance or operating expenses, or any other costs that would be treated as an expense item under generally accepted accounting principles in connection with the ownership or operation of an educational facility, including, but not limited to, all of the following:
California Education Code 17173
(b) Acquire new schoolsites and buildings to be made available to school districts, charter schools, and community college districts for the pupils of the public education system, which is a matter of general concern inasmuch as the education of the state’s children is an obligation and function of the state.
(c) Assist school districts and community college districts by providing access to financing for working capital and capital improvements.
(Amended by Stats. 2006, Ch. 325, Sec. 1. Effective January 1, 2007.)