California Education Code

§ 41325

EDC § 41325 Effective Sep 17, 2018Div. 3 · Title 2 · Part 24 · Ch. 3 · Art. 2.5

Statute text

(a)The Legislature finds and declares that when a school district becomes insolvent and requires an emergency apportionment from the state in the amount designated in this article, it is necessary that the county superintendent of schools, under the supervision of the Superintendent, assume control of the school district in order to ensure the school district’s return to fiscal solvency.

(b)It is the intent of the Legislature that an administrator, appointed pursuant to Section 41326, do all of the following:

(1)Implement substantial changes in the school district’s fiscal policies and practices, including, if necessary, the filing of a petition under Chapter 9 of the federal Bankruptcy Code for the adjustment of indebtedness.

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Legislative history

Amended by Stats. 2018, Ch. 426, Sec. 9. (AB 1840) Effective September 17, 2018.