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California Law (Last Updated: March 4, 2014) |
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Education Code - EDC |
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Title 3. POSTSECONDARY EDUCATION |
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Division 7. COMMUNITY COLLEGES |
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Part 49. COMMUNITY COLLEGES, EDUCATION FACILITIES |
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Chapter 2. Property: Sale,Lease, Use, Gift, and Exchange |
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ARTICLE 3. Leasing School Buildings |
Section 81349.
Latest version.
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For the purposes of Sections 15102 and 15106, 50 percent of any remaining payments for use of the building or site and building which would become due from the district under any leases and agreements entered into by the district pursuant to this article, if such leases and agreements were to run their full term, shall be considered outstanding bonded indebtedness.
(Enacted by Stats. 1976, Ch. 1010.)