Cal. Ed. Code § 47662

Current through the 2024 Legislative Session.

Section 47662 - Reduction of property tax revenues received by sponsoring local educational agency

For purposes of Section 42238.02, as implemented by Section 42238.03, the property tax revenues received by a sponsoring local educational agency pursuant to Chapter 3.5 (commencing with Section 75) and Chapter 6 (commencing with Section 95) of Part 0.5 of the Revenue and Taxation Code shall be reduced by the amount of funding in lieu of property taxes allocated to a charter school or schools pursuant to Section 47635.

Ca. Educ. Code § 47662

Amended by Stats 2017 ch 15 (AB 99),s 31, eff. 6/27/2017.