California Education Code Section 17406

There is hereby appropriated from the General Fund in the State Treasury for the purpose of this chapter, an amount that will equal the following:

(a) A sum annually that will be necessary to pay the principal of, and the interest on, the bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable.

(b) A sum that is necessary to carry out Section 17407, which sum is appropriated without regard to fiscal years.

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