Section 16059 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 6. >> Article 1.
16059
. Notwithstanding any provision of Section 16058, if a
previously eligible applicant school district has received
apportionments and has realized savings in state aid apportionments
or district contributions, or both, including any interest earned
thereon, on completed projects pursuant to this chapter, which
projects have not been reduced to final costs, the district may apply
for, and shall be granted, final apportionments for additional
eligible facilities in a total amount not to exceed those project
savings.
The project savings for which a district has applied pursuant to
this section shall not be considered excess apportionments or
unencumbered balances for the purposes of Sections 16100 and 16104.
In no event shall the grant of the project savings to the district
pursuant to this section extend the repayment period of any prior
apportionments for the purposes of canceling the interest and
principal payable thereon pursuant to Section 16083.