California Education Code

§ 84321.7

EDC § 84321.7 Effective Jun 29, 2020Div. 7 · Title 3 · Part 50 · Ch. 3 · Art. 3

Statute text

(a)Commencing with the 2020–21 fiscal year, up to thirty million dollars ($30,000,000) of the amount of the warrants for the principal apportionments for any of the months of February, March, April, May or June, that are instead to be drawn in the applicable months of the following fiscal year pursuant to Section 84321.62, may be drawn in February, March, April, May, or June, as applicable, subject to the approval of the Director of Finance, for a community college district as follows:

(1)In order for a community college district to receive a payment in February, March, April, May, or June pursuant to this section, the community college district shall certify to the Office of the Chancellor of the California Community Colleges and to the Director of Finance at least two months before the applicable deferral that the deferral of warrants pursuant to Section 84321.62 will result in the community college district being unable to meet its financial obligations for any of the months of February, March, April, May, or June, as applicable, and shall provide the Office of the Chancellor of the California Community Colleges an estimate of the amount of additional funds necessary for the community college district to meet its financial obligations for the months of February, March, April, May, or June, as applicable.

(2)The criteria, as applicable, set forth in statute and regulations to qualify a community college district for an emergency apportionment shall be used to make the certification specified in paragraph (1).

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Legislative history

Amended by Stats. 2020, Ch. 25, Sec. 8. (SB 116) Effective June 29, 2020.