Cal. Ed. Code § 17070.766

Current through the 2024 Legislative Session.
Section 17070.766 - Deposit into account for fiscal years 2008-09 through 2014-15

Notwithstanding paragraph (2) of subdivision (b) of Section 17070.75, for the 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14, and 2014-15 fiscal years, the board shall require a school district to deposit into the account established pursuant to paragraph (1) of subdivision (b) of Section 17070.75 only an amount equal to 1 percent of the total expenditures by a district from its general fund in the 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14, and 2014-15 fiscal years respectively, but if the school district maintains its facilities in good repair, as defined in Section 17002, it shall be exempt from this 1 percent requirement. A school district may elect to deposit into the account an amount that is greater than the amount required by the board pursuant to this section.

Ca. Educ. Code § 17070.766

Amended by Stats 2011 ch 7 (SB 70),s 16, eff. 3/24/2011.
Amended by Stats 2009 ch 2 (AB X4-2),s 9, eff. 7/28/2009.
Added by Stats 2009 ch 12 (SB X3-4),s 5, eff. 2/20/2009.