Cal. Code Regs. tit. 2 § 1865.52

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 1865.52 - Rental Payment

The rental payments required by Section 17732 of the act will become due and payable on September 15 following the date the lease-purchase agreement is executed and on each successive September 15th thereafter during the life of this agreement. The payment may be in the form of a contribution toward the cost of an ongoing project or as a direct remittance. An Annual Certification of Funds Available for Rents shall be submitted by each district prior to August 15 each year. The payment required for a district desiring to exercise an option to purchase shall be the total cost of the project less any rental payments made or to be made from sources identified in Section 17732(c) and (d) of the act.

Cal. Code Regs. Tit. 2, § 1865.52

1. Repealer and new section filed 3-17-80 as an emergency; effective upon filing (Register 80, No. 12). A Certificate of Compliance must be transmitted to OAH within 120 days or emergency language will be repealed on 7-16-80.
2. Certificate of Compliance filed 6-26-80 (Register 80, No. 26).

Note: Authority cited: Section 17705, Education Code. Reference: Sections 17700- 17749, Education Code.

1. Repealer and new section filed 3-17-80 as an emergency; effective upon filing (Register 80, No. 12). A Certificate of Compliance must be transmitted to OAH within 120 days or emergency language will be repealed on 7-16-80.
2. Certificate of Compliance filed 6-26-80 (Register 80, No. 26).