Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2012
Other Code Provisions
TITLE 2. ELEMENTARY AND SECONDARY EDUCATION
DIVISION 3. LOCAL ADMINISTRATION
PART 24. SCHOOL FINANCE
Chapter 2. Determination of Minimum Level of Education Funding
41204.3. Allocation of general fund revenues; adjustment. (a) Notwithstanding any other law, for the 2011-12 fiscal year, the Director of Finance shall adjust "the percentage of General Fund revenues appropriated for school districts and community college districts, respectively, in fiscal year 1986-87" for purposes of making the calculations required under paragraph (1) of subdivision (b) of Section 8 of Article XVI of the California Constitution in a manner that ensures that the shift to school districts and community college districts of local property tax revenues pursuant to subdivision (a) of Section 34183 of the Health and Safety Code has no net fiscal impact upon the combined amount of General Fund proceeds of taxes and allocated local proceeds of taxes that are otherwise required to be applied by the state for the support of school districts and community college districts pursuant to Section 8 of Article XVI of the California Constitution.
(b) For purposes of Section 8 of Article XVI of the California Constitution, the property tax revenues transferred to school districts, county offices of education, and community college districts pursuant to subdivision (a) of Section 34183 of the Health and Safety Code shall constitute "allocated local proceeds of taxes."
(c) For the 2012-13 fiscal year, and for each fiscal year thereafter, the adjustments provided in this section shall not be made.
History.—Added by Stats. 2011, Ch. 7 (SB 70), in effect March 24, 2011.