Ed. Code, § 15733 · Article 1. General Provisions
Ed. Code, § 15733
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
On or before the first day of January of each fiscal year the Controller shall determine the annual repayment, if any, to be due from each district during the next succeeding fiscal year, as follows:
(a) If, for any grade level of a district, the amount of the eligible bonded debt service exceeds the 40 cents ($0.40) tax amount, no annual repayment shall be due the state from the district with respect to the grade level during the next succeeding fiscal year.
(b) If, for any grade level of a district, the 40 cents ($0.40) tax amount is greater than the eligible bonded debt service, the amount of the excess shall constitute the annual repayment due the state with respect to the grade level during the next succeeding fiscal year. However, if the eligible bonded debt service is less than the 10 cents ($0.10) tax amount, the annual repayment shall equal the 30 cents ($0.30) tax amount.
(c) The total repayment from each district is the sum of the annual repayments determined for each grade level of the district under this section.
Notes and commentary — not statutory text
History
Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=15733.
- Text hash
- sha256 390e8ad15a345e68d098630949c25c7fdd55ce5e7ad2ce297421fbccd750c7d8
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 6 provisions
Provisions in this library whose text cites Ed. Code, § 15733. Each shows the citation as that text prints it.
Education Code
- Ed. Code, § 15729Printed as Sections 15730, 15732, and 15733
- Ed. Code, § 15785Printed as Sections 15729, 15730, and 15733
- Ed. Code, § 15791Printed as Sections 15729, 15730, and 15733
- Ed. Code, § 15792Printed as Sections 15729 to 15733, inclusive
- Ed. Code, § 15793Printed as Sections 15729 to 15733
- Ed. Code, § 16084Printed as Section 15733
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.