§ 17070.766. — 17070.766. (Amended by Stats. 2011, Ch. 7, Sec. 16.)

California § 17070.766.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 1.
• Title 1.: DIVISION 1. GENERAL EDUCATION CODE PROVISIONS
• Part 10.: PART 10. SCHOOL BONDS
• Ch. 12.5.: CHAPTER 12.5. Leroy F.Greene School Facilities Act of 1998
• Art. 1.: ARTICLE 1. General Provisions

Text

Notwithstanding paragraph (2) of subdivision (b) of Section 17070.75, for the 2008–09, 2009–10, 2010–11, 2011–12, 2012–13, 2013–14, and 2014–15 fiscal years, the board shall require a school district to deposit into the account established pursuant to paragraph (1) of subdivision (b) of Section 17070.75 only an amount equal to 1 percent of the total expenditures by a district from its general fund in the 2008–09, 2009–10, 2010–11, 2011–12, 2012–13, 2013–14, and 2014–15 fiscal years respectively, but if the school district maintains its facilities in good repair, as defined in Section 17002, it shall be exempt from this 1 percent requirement. A school district may elect to deposit into the account an amount that is greater than the amount required by the board
pursuant to this section.

Legislative History

Amended by Stats. 2011, Ch. 7, Sec. 16. (SB 70) Effective March 24, 2011.