Section 65975 Of Chapter 4.7. School Facilities From California Government Code >> Division 1. >> Title 7. >> Chapter 4.7.
65975
. (a) Whenever a school district has received approval, under
the State School Building Lease-Purchase Law of 1976, (Ch. 22
(commencing with Section 17700), Pt. 10, Ed. C.) of a school project
to be constructed in an attendance area where fees have been
collected pursuant to Section 65974, all or a portion of the fees so
collected for interim facilities may be used by the district to
provide its 10 percent of the project as required by item (1) of
Section 17761 of the Education Code. Nothing in this section shall
increase the amount of fees that would otherwise be collected
pursuant to Section 65974.
(b) Whenever a school district has received approval, under the
State School Building Lease-Purchase Law of 1976 (Ch. 22 (commencing
with Section 17700), Pt. 10, Ed. C.), of a school project to be
constructed in an attendance area where land has been received
pursuant to Section 65974, the district may use the fair market value
of the land to provide all or a portion of its 10 percent of the
school project as required by item (1) of subdivision (a) of Section
17761. In order to use the value of land to meet the 10 percent match
requirement, the district shall construct the capital outlay project
on the land used to make the match, and shall provide the full 10
percent of the project cost at one time as provided in item (1) of
subdivision (a) of Section 17761 of the Education Code.