Section 15731 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 4. >> Article 1.
15731
. Notwithstanding any other provisions of this chapter, a
school district otherwise eligible to receive a conditional
apportionment under Chapter 8 (commencing with Section 16000) of this
part may apply for an adjustment of annual repayment obligations
under this chapter.
The board may require any information that is necessary to
determine the number of units of estimated average daily attendance
for which the district would have been eligible to construct school
facilities under this chapter, if the conditional apportionment had
been made and had become final. The units shall be known as "eligible
attendance units." The board shall then determine an "eligible
facilities cost" by multiplying the number of the eligible attendance
units by the average cost of housing elementary or high school
pupils as set forth in the latest report to the Legislature required
under Section 16098.
In any fiscal year in which the school district is, in the
judgment of the board, operating sufficient year-round classes to
provide housing for the eligible attendance units, the Director of
General Services shall add to the amount which he or she is required
to certify to the Controller under Section 15730 an amount equal to
one-twentieth of such eligible facilities costs.
The additional amount so certified shall be considered for all
purposes of this article as eligible bonded debt service.