Section 16336 Of Article 9. School Housing Aid For Rehabilitation And Replacement Of Structurally Inadequate School Facilities From California Education Code >> Division 1. >> Title 1. >> Part 10. >> Chapter 6. >> Article 9.
16336
. Notwithstanding any provisions of this article, any school
district which has levied the entire amount permitted under former
Section 39230, as amended by Section 147 of Chapter 36 of the
Statutes of 1977, and has declared the entire proceeds therefrom
available as local matching funds for a particular project, but lacks
sufficient matching funds for the project as required under this
article, may file an application thereunder prior to January 1, 1974.
Under the circumstances the board may increase the basic computed
state matching ratio of assistance in the amount, which, when added
to the sum of the entire proceeds of the levy permitted under former
Section 39230, as amended by Section 147 of Chapter 36 of the
Statutes of 1997, and any other funds which in the opinion of the
board is or can be made currently available for the project,
including funds authorized by the electors from bonds or otherwise,
would be necessary to construct minimum essential facilities for the
project as determined by the board. Not more than forty-five million
dollars ($45,000,000) available for the purposes of this article may
be apportioned for increases in the basic computed state matching
ratio pursuant to this section. The source of the forty-five million
dollars ($45,000,000) apportioned for this purpose shall be thirty
million dollars ($30,000,000) previously appropriated for this
purpose from the School Building Safety Fund by Chapter 500 of the
Statutes of 1972, plus an additional fifteen million dollars
($15,000,000) of bond funds remaining from the State School Building
Aid Bond Law of 1966.