If the board, between April 5, 1963, and July 1, 1963, approves an application for an apportionment and makes a conditional apportionment to the district making the application and if after the approval it is determined that the projected enrollment of the district is less than that upon which the district’s application was based, any apportionment made by the board under the application is hereby ratified and confirmed and payments shall be made to the district pursuant to the apportionment. The board shall as a condition to any apportionment made under the
application require the district to repay in full that portion of the apportionment which it determines to be attributable to the excess projected enrollment upon which the application was based and the district shall be empowered and obligated to comply with the requirement if it accepts the portion of the apportionment. The repayment shall be in equal annual installments made within 20 years from the date the district receives the apportionment. The repayment shall be in addition to any other repayment required by this chapter. The rate of interest shall be the same rate as that fixed for the remainder of the apportionment.
If at any time the board determines that the amount of actual enrollment of the district attains the amount of the projected enrollment upon which the district’s application, referred to above, was based, the board may, if it determines that the inclusion of the excess projected enrollment in the application occurred inadvertently, provide that
the district shall not be required to pay any further installments for full repayment of that portion of the apportionment attributable to the excess projected enrollment and the unpaid balance of the portion and interest thereon shall thereafter be repaid under the same terms and in the same manner as the balance of the apportionment made under the application.
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