There is a newer version of the California Code
2007 California Education Code Article 3. Duties Of The Chancellor
CA Codes (edc:84320-84328)
EDUCATION CODESECTION 84320-84328
84320. The board of governors shall adopt regulations providing for the payment of apportionments to districts on a schedule to include an advance apportionment and a first and second principal apportionment. Unless and until the dates related to these apportionments are amended in consultation with the Department of Finance, the regulations shall provide for the following schedule of payments as provided in this section: (a) The board of governors shall certify estimated apportionments to the Controller on or before July 15 of each year. (b) The first principal apportionment shall be certified on or before February 20 of each year, at which time shall also be made any final apportionment and recalculation of prior years, as applicable. (c) The second principal apportionment shall be certified on or before June 25 of each year. 84321. (a) Notwithstanding any other law, for the 2003-04 fiscal year, warrants for the principal apportionments for the month of June, for general apportionments in the amount of one hundred fifty million dollars (0,000,000) and for the Partnership for Excellence in the amount of fifty million dollars (,000,000), shall instead be drawn in July of the same calendar year pursuant to the certification made under Section 84320. (b) For the purposes of making the computations required by Section 8 of Article XVI of the California Constitution, the warrants drawn pursuant to subdivision (a) shall be deemed to be "General Fund revenues appropriated for community college districts," as defined in subdivision (d) of Section 41202, for the fiscal year in which the warrants are drawn, and included within the "total allocations to school districts and community college districts from General Fund proceeds of taxes appropriated pursuant to Article XIIIB," as defined in subdivision (e) of Section 41202, for the fiscal year in which the warrants are drawn. 84321.5. (a) Notwithstanding any other provision of law, commencing with the 2004-05 fiscal year, warrants for the principal apportionments for the month of June, for general apportionments in the amount of two hundred million dollars (0,000,000), shall instead be drawn in July of the same calendar year pursuant to the certification made under Section 84320. (b) For the purposes of making the computations required by Section 8 of Article XVI of the California Constitution, the warrants drawn pursuant to subdivision (a) shall be deemed to be "General Fund revenues appropriated for community college districts," as defined in subdivision (d) of Section 41202, for the fiscal year in which the warrants are drawn, and included within the "total allocations to school districts and community college districts from General Fund proceeds of taxes appropriated pursuant to Article XIIIB," as defined in subdivision (e) of Section 41202, for the fiscal year in which the warrants are drawn. 84322. Notwithstanding any other provision of law, a community college district may recognize, for budgetary and financial reporting purposes, any amount of state appropriations deferred from the current fiscal year and appropriated in the subsequent fiscal year for payment of current-year costs as a receivable in the current fiscal year. 84328. (a) The Board of Governors of the California Community Colleges shall certify each apportionment made by it to the Controller. (b) The board of governors shall furnish an abstract of each apportionment of the State School Fund to the Controller, the Department of Finance, and to the county and city and county auditors, county and city and county treasurers, and to the county superintendents of schools of the several counties of the state.
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