California Education Code

§ 47635

EDC § 47635 Effective Jun 29, 2020Div. 4 · Title 2 · Part 26.8 · Ch. 6 · Art. 2

Statute text

(a)A sponsoring local educational agency shall annually transfer to each of its charter schools funding in lieu of property taxes equal to the lesser of the following two amounts:

(1)The average amount of property taxes per unit of average daily attendance, including average daily attendance attributable to charter schools, received by the local educational agency, multiplied by the charter school’s average daily attendance.

(2)The local control funding formula grant funding computed pursuant to subdivision (d) of Section 42238.02, per unit of average daily attendance, multiplied by the charter school’s average daily attendance in each of the four corresponding grade level ranges: kindergarten and grades 1, 2, and 3; grades 4, 5, and 6; grades 7 and 8; and grades 9 to 12, inclusive.

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Legislative history

Amended by Stats. 2020, Ch. 24, Sec. 50. (SB 98) Effective June 29, 2020.