CA Educ Code Section 16078

Notwithstanding any other provision of this chapter, the total amount of the repayment made each year by each school district to which one or more apportionments have been made under this chapter shall not be less than the amount of the cost to the state for that year to pay principal and interest on the bonded indebtedness incurred to fund the apportionment or apportionments made to that district.

Source: Section 16078, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=16078..

Last Updated

Aug. 19, 2023

§ 16078’s source at ca.gov

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Location: https://california.public.law/codes/ca_educ_code_section_16078

Original Source: Section 16078, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=16078. (last accessed Aug. 19, 2023).