Section 15721 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 4. >> Article 1.
15721
. No apportionment to a school district shall become final
unless one of the following is satisfied:
(a) The total amount of outstanding bonds of the district exceeds
95 percent of the maximum amount of bonds which the district could
have had outstanding under any law on the date the conditional
apportionment is made.
(b) If the total amount of the bonds of the district outstanding
and unpaid is less than 95 percent of the amount of the bonds
permitted to be issued by the district, the amount of district bonds
outstanding is within twenty-five thousand dollars ($25,000) of the
total bond limit permitted, as of the date on which the conditional
apportionment is made. At the time the board makes a conditional
apportionment pursuant to Section 15713, it shall determine what
portion of the total amount of bonds which a district is permitted to
issue and sell by law shall be issued and sold by the district, the
proceeds of which shall be applied toward the cost of the project for
which the apportionment is sought. The portion so determined by the
board shall be not less than the minimum amount required for the
apportionment to become final under this section. Any apportionment
made by the board pursuant to Section 15713 shall be conditioned upon
the approval and sale of the bonds by the district.
No apportionment to a district shall become final unless, at an
election called by the governing board of the district, two-thirds of
the qualified electors of the district voting thereat have
authorized the governing board of the district to accept, expend, and
repay, as provided in this chapter, an apportionment under the
provisions of this chapter. The election shall be combined with and
held at the same time as the bond election to authorize the amount of
bonds required by the board, if any, and shall be called, held, and
conducted in the same manner as are elections to authorize the
issuance of district bonds, except that the ballot, in addition to
the bond proposition, shall contain substantially the following
words: