California Education Code

§ 17070.15

EDC § 17070.15 Effective Jul 3, 2024Div. 1 · Title 1 · Part 10 · Ch. 12.5 · Art. 1

Statute text

For purposes of this chapter, the following terms have the following meanings, unless a different meaning appears from the context:

(a)“Apportionment” means an allocation of funds for the purpose of eligible new construction, modernization, or hardship approved by the board for an applicant school district.

(b)“Assessed value” means the dollar value assigned to a property for purposes of measuring applicable taxes. An assessed valuation is used to determine the value of a residence for tax purposes and takes comparable sales of residential buildings and inspections into consideration.

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Legislative history

Amended by Stats. 2024, Ch. 81, Sec. 1. (AB 247) Effective July 3, 2024. Operative November 6, 2024, pursuant to Sec. 30 of Ch. 81.