Education Code section 16002.5

For the purposes of this chapter, the term “basic bond requirement,” means 5 percent of the assessed valuation of taxable property of the district for each grade level maintained by a district, as shown by the last equalized assessment of the county or counties in which the district is located, and as modified by Section 41201 or Section 84201.

Source: Section 16002.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=EDC§ionNum=16002.­5.­ (updated Jan. 1, 1997; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 16002.5's source at ca​.gov