Statutes, codes, and regulations
California Code Of Regulations
Title 2 - AdministrationDivision 2 - Financial OperationsChapter 3 - Department of General ServicesSubchapter 4 - Office of Public School ConstructionState Allocation BoardSCHOOL SITES: NONUSE PAYMENTS
Article 2 - PROCEDURES
Section 1864.9 - No Certification Where Acquisition for Nominal Consideration

Cal. Code Regs. tit. 2 § 1864.9

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Current through Register 2024 Notice Reg. No. 41, October 11, 2024
Section 1864.9 - No Certification Where Acquisition for Nominal Consideration

Where a district has acquired the property for a nominal consideration, no certification shall be made by the Executive Officer to the State Controller with respect to each fiscal year prescribed by Section 39016. A consideration shall be deemed to be nominal with respect to any fiscal year during which a certification would otherwise be made by the Executive Officer, where it appears likely to him that it would result in a deduction by the Controller during the next succeeding fiscal year of less than $5 for any of the installments specified in Section 39016.

Cal. Code Regs. Tit. 2, § 1864.9

1. Amendment of section and new NOTE filed 4-29-77; effective thirtieth day thereafter (Register 77, No. 18).

Note: Authority cited: Sections 39015- 39018, Education Code. Reference: Section 39016, Education Code.

1. Amendment of section and new NOTE filed 4-29-77; effective thirtieth day thereafter (Register 77, No. 18).