Section 16094 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 6. >> Article 1.
16094
. Interest earned on those portions of deposits in a state
school building fund representing allocations from the proceeds of
state school construction bonds received by the county treasurer for
the benefit of a school district under this chapter shall be paid
into the state school building fund created by Section 16093. The
interest which prior to the 1964-65 fiscal year was deposited in the
general fund of the school district for which the state school
building fund was established shall remain the property of that
general fund.