Section 17432 Of Article 2.5. Leasing Facilities From California Education Code >> Division 1. >> Title 1. >> Part 10.5. >> Chapter 4. >> Article 2.5.
17432
. The sale of bonds for the accomplishment of a school
facilities plan shall be subject to the approval of the State
Treasurer. Prior to the sale of any bonds, the State Allocation Board
shall determine that the proposed facilities to be constructed with
the bond proceeds are consistent with its building area and costs
standards as to the area and facilities described in the school
facilities plan pursuant to which the bonds are to be issued. The
sale of the bonds shall be conducted in compliance with Chapter 10
(commencing with Section 5800) of Division 6 of Title 1 of the
Government Code. However, the bonds may be sold at a negotiated sale.
The State Treasurer and the State Allocation Board may impose a
charge and collect a fee for reimbursement of actual costs incurred
in accomplishing the approval and determination.