Section 15718 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 4. >> Article 1.
15718
. The sum of two million dollars ($2,000,000) was by Chapter
13 of the Statutes of 1952 (First Extraordinary Session) made
available from the Public School Building Loan Fund for apportionment
by the board pursuant to this chapter, except as otherwise provided
by this section and to be transferred by the Controller as needed
into a separate account in the State School Building Fund which was
created in the State Treasury.
Apportionments made under this section shall be available as
grants to those school districts to which apportionments have been
made under this chapter, prior to April 1, 1952, and only for the
amounts thereof as are in excess of the apportionments the voters of
the districts voted to accept and repay under Sections 15721, 15722,
and 15723.
If and when the electors of districts receiving apportionments
under this section, vote to accept and repay additional amounts under
Sections 15721, 15722, and 15723, the board may make apportionments
under other sections of this chapter in substitution in whole or in
part of the grants made under this section.
In the event the electors of the district fail to vote to accept
and repay the additional amounts or if apportionments covering the
amounts are not made under other sections of this chapter, beginning
in September 1953, and annually for nine years thereafter,
apportionments made to the districts from the State School Fund under
Sections 46304, 46305, and 92 or 41050, Sections 41330 to 41343,
inclusive, and Sections 41600 to 41972, inclusive, or any successor
thereof, shall be reduced by an amount equivalent to one-tenth of the
amount apportioned under this section. This section shall not be
applied so as to reduce any average daily attendance apportionment
below the constitutional minimum. During the year beginning September
1953, and each year thereafter in which the Controller determines
that the apportionment of any district is to be reduced as herein
provided, he or she shall deduct the total amount of the annual
repayment of each district in equal amounts from each installment of
the apportionments made to the district. The amount deducted shall,
on order of the Controller, be transferred from the State School
Building Fund to the General Fund at the time and for the purpose
provided in Section 15903.
Notwithstanding any other law, taxes in the districts shall be
increased sufficiently to offset the amounts by which the average
daily attendance apportionments are reduced under this section. The
tax increases shall be made in the manner prescribed under Section
15742 of this chapter.
Any amounts made available by this section which are not
apportioned by June 30, 1953, and any recovery by substitution of
apportionments made in accordance with this section shall be
transferred to the Public School Building Loan Fund.