Section 16282 Of Article 7.5. Regional Occupational Center Of Kern From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 6. >> Article 7.5.
16282
. Any amounts allocated and disbursed to the Regional
Occupational Center of Kern pursuant to this article shall be fully
repaid with interest by the entity to the state in 20 equal annual
payments commencing with the second fiscal year after the date of
disbursement to the entity. Interest shall be paid at a rate
determined by the State Allocation Board. Amounts allocated pursuant
to this article shall be repaid by the entity from the proceeds of
the tax levied by the participating school districts pursuant to
Section 52317 and the payments shall be transferred by the County
Auditor of Kern County to the State Treasury for the credit of the
State School Building Aid Fund in accordance with established
regulations and procedures.