California · Education Code
EDC §17163.5: The Controller shall pay bond trustees in accordance with the instructions received pursuant to Section 17863.
What this law says, in plain English
The Controller must pay bond trustees according to instructions provided under Section 17863.
Read the full statutory text
The Controller shall pay bond trustees in accordance with the instructions received pursuant to Section 17863. The Controller shall make that payment only from moneys in the California State Lottery Education Fund allocated to that school district. The Controller is not authorized to pay a bond trustee any amount in excess of a district’s allocation from the California State Lottery Education Fund.
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