California Education Code

§ 100420

EDC § 100420 Effective Jan 1, 2000Div. 14 · Title 3 · Part 68 · Ch. 2 · Art. 1

Statute text

(a)Of the proceeds from the sale of bonds, issued and sold pursuant to this chapter, as specified in subdivision (a) of Section 100410, not more than three billion three hundred fifty million dollars ($3,350,000,000) shall be allocated beginning in the 1998–99 fiscal year in accordance with the following schedule:

(1)Not less than one billion three hundred fifty million dollars ($1,350,000,000) for project funding related to the growth in enrollment of applicant school districts under Chapter 12 and Chapter 12.5 that have incurred or will incur enrollment increases.

(2)Not less than eight hundred million dollars ($800,000,000) for the reconstruction or modernization of facilities pursuant to Chapter 12 and Chapter 12.5.

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Legislative history

Amended by Stats. 1999, Ch. 858, Sec. 14. Effective January 1, 2000. Note: This section was added by Stats. 1998, Ch. 407, and approved in Prop. 1A on Nov. 3, 1998.