Notwithstanding any provision to the contrary after June 28, 1955, at the time the board makes an apportionment, the board, with the approval of the Director of General Services, shall, pursuant to this section, fix the rate of interest to be paid by the district on the sum apportioned to it. The board shall compute the average of the rates of interest which the state pays upon the state school building bonds, authorized by Article XVI, sold at the three sales of state school building bonds occurring immediately prior to the apportionment, or, if the board so
determines, at all of the sales of the bonds occurring in the two years immediately prior to the apportionment, giving effect to the price at which the state school building bonds sold at the sales, and the premium, if any paid, thereon. The average rate shall be adjusted to the next highest one-tenth of 1 percent to cover the cost of sale and issuance of the bonds and costs of administration. The adjusted average rate shall be the rate paid by the district on its apportionment, and shall be compounded annually through the 30th day of June of each year.
16000
16001
16002
16002.5
16003
16004
16005
16006
16007
16008
16009
16010
16011
16012
16013
16014
16015
16016
16017
16018
16019
16020
16021
16022
16023
16024
16025
16026
16027
16028
16028.5
16029
16031
16032
16033
16034
16035
16036
16037
16038
16039
16039.5
16040
16041
16042
16043
16044
16045
16046
16047
16048
16049
16050
16051
16051.5
16052
16053
16054
16056
16057
16058
16059
16060
16061
16062
16063
16064
16065
16066
16067
16068
16069
16070
16071
16071.5
16072
16072.5
16073
16074
16075
16076
16077
16078
16079
16080
16080.5
16081
16082
16083
16084
16085
16086
16086.5
16087
16088
16089
16090
16091
16092
16093
16094
16095
16096
16096.5
16097
16099
16100
16101
16102
16103
16104
16105
16001
16002
16002.5
16003
16004
16005
16006
16007
16008
16009
16010
16011
16012
16013
16014
16015
16016
16017
16018
16019
16020
16021
16022
16023
16024
16025
16026
16027
16028
16028.5
16029
16031
16032
16033
16034
16035
16036
16037
16038
16039
16039.5
16040
16041
16042
16043
16044
16045
16046
16047
16048
16049
16050
16051
16051.5
16052
16053
16054
16056
16057
16058
16059
16060
16061
16062
16063
16064
16065
16066
16067
16068
16069
16070
16071
16071.5
16072
16072.5
16073
16074
16075
16076
16077
16078
16079
16080
16080.5
16081
16082
16083
16084
16085
16086
16086.5
16087
16088
16089
16090
16091
16092
16093
16094
16095
16096
16096.5
16097
16099
16100
16101
16102
16103
16104
16105