Section 15735 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 4. >> Article 1.
15735
. The Controller shall, during the next fiscal year following
that in which he or she determines the annual repayment as herein
provided, deduct the total amount of the annual repayment of each
district in equal amounts from each of the February, March, April,
and May installments of the apportionments made to the district from
the State School Fund under Sections 46304, 46305, and 92 or 41050,
Sections 41330 to 41343, inclusive, and Sections 41600 to 41972,
inclusive, and, on order of the Controller, the amount so deducted
shall be transferred to the Public School Building Loan Fund. All
money transferred to the Public School Building Loan Fund under this
section shall be available only for transfer to the General Fund
under Section 15903.