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Legal Resources | Education Code |  EC  16078  

State School Building Aid Law of 1952. General Provisions   

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Notwithstanding any other provision of this chapter, the total amount of the repayment made each year by each school district to which one or more apportionments have been made under this chapter shall not be less than the amount of the cost to the state for that year to pay principal and interest on the bonded indebtedness incurred to fund the apportionment or apportionments made to that district.

(Added by Stats. 1996, Ch. 277, Sec. 2. Operative January 1, 1998.)