Section 16077 Of Article 1. General Provisions From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 6. >> Article 1.
16077
. If an apportionment is made for a project which includes a
multipurpose room the board shall determine and specify the portion
of the apportionment that is allocated to the cost of the
multipurpose room.
If a district receives an apportionment a portion of which is for
a multipurpose room it shall repay the principal amount of such
portion of the apportionment as an additional payment as provided by
this section. Interest on the total apportionment shall be paid as
provided in Section 16083. The repayment is in addition to the
repayments required on the total of all apportionments to the
district, which shall be repaid as otherwise provided in this
chapter.
Notwithstanding the provisions of Sections 16083 and 16087 for
cancellation of the principal amount of apportionments the Controller
shall continue to make the deduction provided by Section 16080
during each fiscal year thereafter until the principal amount of the
portion of the apportionment that was allocated to the cost of the
multipurpose room and was made and disbursed to the district has been
withheld, or for an additional period of 10 years, whichever first
occurs. At the expiration of 40 years from the first day of July of
the fiscal year next succeeding the fiscal year in which the
apportionment became final, the unpaid balance of the principal
amount of the portion of the apportionment shall be canceled on the
books of the State Controller and the provisions of Section 16083
shall thereupon become applicable thereto and the board shall execute
a conveyance to the district as provided in Section 16087.