California Statutes
§ 15102. — 15102. (Amended by Stats. 2007, Ch. 670, Sec. 2.)
California·Code EDC Education Code - EDC·Div. 1.·Title 1. DIVISION 1. GENERAL EDUCATION CODE PROVISIONS·Part 10. PART 10. SCHOOL BONDS·Ch. 1. CHAPTER 1. Bonds of School Districts and Community College Districts·Art. 1. ARTICLE 1. Purposes for Authorizing Bonds
The total amount of bonds issued pursuant to this chapter and Chapter 1.5 (commencing with Section 15264) shall not exceed 1.25 percent of the taxable property of the school district or community college district, or the school facilities improvement district, if applicable, as shown by the last equalized assessment of the county or counties in which the district is located. For purposes of this section, the taxable property of a district for any fiscal year shall be calculated to include, but not be limited to, the assessed value of all unitary and operating nonunitary property of the district, which shall be derived by dividing the gross assessed value of the unitary and operating nonunitary property within the district for the 1987–88 fiscal year by the gross assessed value of all unita
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California § 15102. (15102. (Amended by Stats. 2007, Ch. 670, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2007, Ch. 670, Sec. 2. Effective January 1, 2008.