Section 42133.5 Of Article 3. Financial Reports And Certifications From California Education Code >> Division 3. >> Title 2. >> Part 24. >> Chapter 6. >> Article 3.

. Regardless of the certification of the budgetary status of a school district or county office of education under subdivision (l) of Section 1240 or Section 42131, the proceeds obtained by a school district from the sources listed in subdivisions (a) to (d), inclusive, shall not be used for general operating purposes of the school district.
  (a) The sale of a saleback or leaseback agreement, or interests in the agreement.
  (b) A debt instrument payable from payments under a saleback or leaseback agreement.
  (c) Certificates of participation.
  (d) Other debt instruments that meet both of the following criteria:
  (A) They are secured by real property.
  (B) They do not require the approval of the voters of the school district.