Section 41207.2 Of Chapter 2. Determination Of Minimum Level Of Education Funding From California Education Code >> Division 3. >> Title 2. >> Part 24. >> Chapter 2.
41207.2
. (a) Notwithstanding Sections 41203.5 and 41206 and any
other provision of law, the minimum funding obligation for school
districts and community college districts pursuant to subdivision (b)
of Section 8 of Article XVI of the California Constitution for the
2008-09 fiscal year is forty-nine billion one hundred two million
forty-one thousand dollars ($49,102,041,000). The maintenance factor
created pursuant to subdivision (d) of Section 8 of Article XVI of
the California Constitution for the 2008-09 fiscal year, together
with the balances of maintenance factor obligations for prior fiscal
years that are unpaid as of June 30, 2009, totals eleven billion two
hundred twelve million nine hundred nine thousand dollars
($11,212,909,000). The maintenance factor shall be appropriated and
allocated pursuant to subdivision (e) of Section 8 of Article XVI of
the California Constitution.
(b) For the 2009-10 fiscal year, computations of funding
obligations pursuant to Section 8 of Article XVI of the California
Constitution shall be based on the amount of the minimum funding
guarantee for the 2008-09 fiscal year, and the amount of the
maintenance factor obligation set forth in subdivision (a) of this
section.
(c) The computations required by subdivision (b) of Section 8 of
Article XVI of the California Constitution for a fiscal year shall be
performed prior to, and separately from, the computation of the
maintenance factor allocation identified in subdivision (a) of this
section and required by subdivision (e) of Section 8 of Article XVI
of the California Constitution.