California Education Code

§ 35574

EDC § 35574 Effective Jan 1, 2017Div. 3 · Title 2 · Part 21 · Ch. 3 · Art. 8

Statute text

Notwithstanding any other provision of this code, for the purposes of applying the State School Building Aid Law of 1952 (Chapter 6 (commencing with Section 16000) of Part 10 of Division 1 of Title 1), the amount of outstanding bonded indebtedness, exclusive of interest, of the former or divided districts that is equal to the liability incurred by the new or acquiring district pursuant to Section 35576 shall be considered a liability of the new or acquiring district for purposes of computing the bonding capacity of the school district.

Legislative history

Amended by Stats. 2016, Ch. 186, Sec. 15. (AB 2659) Effective January 1, 2017.