Article 5. Basic State Aid For Elementary School Districts of California Education Code >> Division 3. >> Title 2. >> Part 24. >> Chapter 5. >> Article 5.

The Superintendent of Public Instruction shall allow one hundred twenty dollars ($120) to each elementary school district for each unit of average daily attendance therein during the fiscal year as computed for the district under Sections 46117 and 46333, but not less than two thousand four hundred dollars ($2,400) shall be allowed to any elementary school district, to be known as basic state aid.