California Education Code

§ 16078

EDC § 16078 Effective Jan 1, 1997Div. 1 · Title 1 · Part 10 · Ch. 6 · Art. 1

Statute text

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.

Legislative history

Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.