Section 85221 Of Article 3. Temporary Transfer, County To District, Excess Balances From California Education Code >> Division 7. >> Title 3. >> Part 50. >> Chapter 8. >> Article 3.
85221
. The county superintendent of schools of each county with the
approval of the county board of education, may make temporary
transfers to a community college district which does not have
sufficient money to its credit to meet current operating expenses
from the county school service fund, in such amounts and at such
times as he deems necessary. Such transfers shall not exceed 85
percent of the amount of money accruing to the district at the time
of transfer. The amounts so transferred shall be repaid to the county
school service fund prior to June 30 of the current year from any
funds subsequently received by the district.