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California Code, Education Code - EDC § 84321.64

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) Notwithstanding any other law that governs the regulations adopted by the Chancellor of the California Community Colleges to disburse funds, the payment of apportionments to community college districts pursuant to Section 84320 shall be adjusted, for the 2024-25 fiscal year, by paragraph (2).

(2) For the month of June, two hundred forty-three million six hundred ninety-three thousand dollars ($243,693,000) shall be deferred to July.

(b) The sum of two hundred forty-three million six hundred ninety-three thousand dollars ($243,693,000) is appropriated as described in subdivision (d) for apportionments to community college districts, for expenditure in the 2025-26 fiscal year to be expended in accordance with the applicable schedules of Item 6870-101-0001 of Section 2.00 of the Budget Act of 2024.

(c)(1) The chancellor may adjust the monthly schedule described in subdivision (a) for the 2024-25 fiscal year to increase the amount deferred in the month of June if it ensures a shorter time between a deferred payment and repayment.

(2) If adjusting the monthly schedule, the chancellor shall not exceed the total amount of deferred payments described in paragraph (2) of subdivision (a).

(d) Of the amount described in paragraph (2) of subdivision (a) to be paid in July 2025, one hundred six million eight hundred ninety thousand dollars ($106,890,000) is appropriated in Schedule (1) of Item 6870-101-0001 of the Budget Act of 2025 (Ch. 77, Stats. 2025), and one hundred thirty-six million eight hundred three thousand dollars ($136,803,000) is appropriated in Provision 3 of Item 6870-488 of the Budget Act of 2025 (Ch. 5, Stats. 2025).

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Cite this article: FindLaw.com - California Code, Education Code - EDC § 84321.64 - last updated January 01, 2025 | https://codes.findlaw.com/ca/education-code/edc-sect-84321-64/

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