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Current as of January 01, 2025 | Updated by Findlaw Staff
Notwithstanding paragraph (2) of subdivision (b) of Section 17070.75, for the 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14, and 2014-15 fiscal years, the board shall require a school district to deposit into the account established pursuant to paragraph (1) of subdivision (b) of Section 17070.75 only an amount equal to 1 percent of the total expenditures by a district from its general fund in the 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14, and 2014-15 fiscal years respectively, but if the school district maintains its facilities in good repair, as defined in Section 17002, it shall be exempt from this 1 percent requirement. A school district may elect to deposit into the account an amount that is greater than the amount required by the board pursuant to this section.
Cite this article: FindLaw.com - California Code, Education Code - EDC § 17070.766 - last updated January 01, 2025 | https://codes.findlaw.com/ca/education-code/edc-sect-17070-766/
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