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Section 9072 Of Chapter 6. Finances From California Health And Safety Code >> Division 8. >> Part 4. >> Chapter 6.
9072
. (a) On or before July 1 of each year, the board of trustees
shall adopt a resolution establishing its appropriations limit and
make other necessary determinations for the following fiscal year
pursuant to Article XIII B of California Constitution and Division 9
(commencing with Section 7900) of the Government Code.
(b) Pursuant to subdivision (c) of Section 9 of Article XIII B of the California Constitution, this section shall not apply to a district that existed on January 1, 1978, and that did not, as of the 1977-78 fiscal year, levy an ad valorem tax on property in excess of twelve and one-half cents ($0.125) per one hundred dollars ($100) of assessed value.
(b) Pursuant to subdivision (c) of Section 9 of Article XIII B of the California Constitution, this section shall not apply to a district that existed on January 1, 1978, and that did not, as of the 1977-78 fiscal year, levy an ad valorem tax on property in excess of twelve and one-half cents ($0.125) per one hundred dollars ($100) of assessed value.
