California Education Code

§ 42251

EDC § 42251 Effective Jan 1, 2013Div. 3 · Title 2 · Part 24 · Ch. 7 · Art. 2

Statute text

(a)The Superintendent shall make the following calculations for the 2011–12 fiscal year:

(1)Determine the amount of funds that will be restricted after the Superintendent makes the deduction pursuant to Section 52335.3 for each county office of education pursuant to subdivision (e) of Section 2558 as of June 30, 2012.

(2)Divide fifty million dollars ($50,000,000) by the statewide sum of the amounts determined pursuant to paragraph (1). If the fraction is greater than one it shall be deemed to be one.

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Legislative history

Amended by Stats. 2012, Ch. 162, Sec. 31. (SB 1171) Effective January 1, 2013.