Section 85220 Of Article 3. Temporary Transfer, County To District, Excess Balances From California Education Code >> Division 7. >> Title 3. >> Part 50. >> Chapter 8. >> Article 3.
85220
. Whenever prior to the receipt by a community college
district of its state, county, city and county, or district funds,
any district does not have sufficient money to its credit to meet
current expenses of maintenance, the board of supervisors of the
county or city and county shall order, and the auditor and treasurer
of the county or city and county shall make a temporary transfer from
any funds of the county or city and county not immediately needed to
pay claims against them to the school fund of the district of the
amount needed, not exceeding 85 percent of the amount of money which
will accrue to the community college district during the fiscal year.
Upon the making of the transfer the auditor shall immediately notify
the superintendent of schools of the county, or city and county, of
the amount transferred. Each transfer of funds requested under this
section shall be granted in order of receipt by the board of
supervisors, regardless of whether sufficient county funds are
available for transfer to meet pending or anticipated requests of
community college districts.
The funds transferred under this section to the credit of a
community college district shall be retransferred by the auditor and
treasurer to the funds from which they were taken from the first
moneys accruing to the district or county school service fund and
before any other obligation of the district is paid from the money
accruing.