§ 15220
48 words·~1 min read·
/ca/education-code/15220A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing board of a school district or community college district may purchase in the open market bonds issued by the district. The cost of bonds purchased may be paid out of any funds of the district not required by law to be set aside for teachers’ salaries.