Prohibits the guarantee of public school bonds by the State Board of Education.

This bill amends the Education Code to prohibit the State Board of Education from guaranteeing or credit enhancing public school bonds. The changes apply to bonds approved after the bill's effective date. The bill also repeals several sections related to charter districts and bond guarantees. The changes take effect immediately if approved by two-thirds of the members in each legislative house, otherwise they take effect 91 days after the legislative session ends.

Prohibits the guarantee of public school bonds by the State Board of Education.

This bill amends the Education Code to prohibit the State Board of Education from guaranteeing or credit enhancing public school bonds. The changes apply to bonds approved after the bill's effective date. The bill also repeals several sections related to charter districts and bond guarantees. The changes take effect immediately if approved by two-thirds of the members in each legislative house, otherwise they take effect 91 days after the legislative session ends.