California Education Code

§ 35560

EDC § 35560 Effective Jan 1, 2012Div. 3 · Title 2 · Part 21 · Ch. 3 · Art. 7

Statute text

When a school district is reorganized, both of the following shall apply:

(a)When the allocation of funds, property, and obligations is not fixed by terms, conditions, or recommendations as provided by law, the funds, property, and obligations of a former district, except for bonded indebtedness, shall be allocated as follows:

(1)The real property and personal property and fixtures normally situated thereat shall be the property of the district in which the real property is located.

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Legislative history

Amended by Stats. 2011, Ch. 276, Sec. 1. (AB 504) Effective January 1, 2012.