California Education Code

§ 41207.3

EDC § 41207.3 Effective Jun 24, 2015Div. 3 · Title 2 · Part 24 · Ch. 2

Statute text

(a)Notwithstanding Section 41206, the minimum state educational funding obligation for school districts and community college districts pursuant to subdivision (b) of Section 8 of Article XVI of the California Constitution is determined to be the following:

(1)Fifty-three billion three hundred forty-five million four hundred twenty thousand dollars ($53,345,420,000) for the 2005–06 fiscal year, with an outstanding balance of one billion one hundred ten million five hundred sixteen thousand dollars ($1,110,516,000). The outstanding balance is appropriated and allocated pursuant to Article 3.7 (commencing with Section 52055.700) of Chapter 6.1 of Part 28 of Division 4.

(2)Fifty-five billion two hundred fifty-one million two hundred sixty-six thousand dollars ($55,251,266,000) for the 2006–07 fiscal year, with an outstanding balance of two hundred eleven million five hundred thirty-three thousand dollars ($211,533,000). The outstanding balance is appropriated and allocated pursuant to Section 41207.41.

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Legislative history

Amended (as amended by Stats. 2014, Ch. 32, Sec. 24) by Stats. 2015, Ch. 13, Sec. 20. (AB 104) Effective June 24, 2015.