Section 17457 Of Article 4. Sale Or Lease Of Real Property From California Education Code >> Division 1. >> Title 1. >> Part 10.5. >> Chapter 4. >> Article 4.
17457
. Notwithstanding any other provision of this part, in
connection with a sale, sale back, lease, or leaseback of school
district property, no proceeds obtained by the school district from
the sale of the sale back or leaseback agreement, or interests
therein, or a debt instrument payable from payments under the sale
back or leaseback agreement shall be used for general operating
purposes of the school district.