Whenever a district disposes by sale or lease of any land or buildings no longer needed for school purposes, the net proceeds therefrom shall be remitted to the state, as rental payments pursuant to Education Code Section 17732. Such payment(s) shall be applied to the outstanding balance of any approved projects in the order(s) of approval.
Cal. Code Regs. Tit. 2, § 1865.70
2. Certificate of Compliance filed 6-26-80 (Register 80, No. 26).
Note: Authority cited: Section 17705, Education Code. Reference: Sections 17700- 17749, Education Code.
2. Certificate of Compliance filed 6-26-80 (Register 80, No. 26).