California Education Code
§ 17072.25
EDC § 17072.25 Effective Apr 29, 2002Div. 1 · Title 1 · Part 10 · Ch. 12.5 · Art. 5
Statute text
View on leginfo.ca.gov(a)The board shall adopt regulations to develop a mechanism to rank approved applications for new construction funding. This mechanism shall be used to determine the priority of approved applications when either of the following conditions are met:
(1)The total state funds necessary for funding all approved projects pursuant to this chapter exceed the total state funds in the fund for allocation pursuant to this chapter.
(2)The actual amount of unallocated proceeds of state bonds available on or after July 1, 2000, for new construction for the purposes of this chapter is at three hundred million dollars ($300,000,000).
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Legislative history
Amended by Stats. 2002, Ch. 33, Sec. 12. Effective April 29, 2002.