California Education Code

§ 42238.017

EDC § 42238.017 Effective Jun 27, 2025Div. 3 · Title 2 · Part 24 · Ch. 7 · Art. 2

Statute text

In any fiscal year, if a decline in Education Protection Account revenue results in a nontransfer of funds into the Education Protection Account fourth-quarter payment, the Superintendent shall recover a local educational agency’s overpayment of Education Protection Account funds from the current year’s second principal apportionment payment made pursuant to Section 14041 for deposit into the Education Protection Account. The fourth-quarter Education Protection Account payment for the current fiscal year shall be made by the Controller as soon as practical, but no later than August 15 of the subsequent fiscal year.

Legislative history

Added by Stats. 2025, Ch. 8, Sec. 29. (AB 121) Effective June 27, 2025.