California Education Code 81346 – Any bonds, notes, warrants or other evidences of indebtedness to be …
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Any bonds, notes, warrants or other evidences of indebtedness to be issued by a nonprofit corporation to finance the construction of a building pursuant to a lease or agreement entered into pursuant to Section 81345 shall be sold pursuant to Chapter 10 (commencing with Section 5800) of Division 6 of Title 1 of the Government Code.
(Enacted by Stats. 1976, Ch. 1010.)
Terms Used In California Education Code 81346
- building: includes (a) one or more buildings located or to be located on one or more sites. See California Education Code 81330
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC