§ 16069 District Apportionment Repayment

Education Code·California

AI SummaryVerified

This law says any district that gets money from this chapter must pay back the original amount plus interest, following the rules in the same chapter.

Key Takeaways

•Districts that receive money must repay the original amount.
•They also have to pay the interest that adds up over time.
•The way they pay back is set out in the same chapter of the law.

Example

A county school district receives a grant to build a new library and later has to pay back the grant money with interest.

Because the district got an apportionment, it must return the exact amount it received and the interest that builds up, using the repayment steps laid out in this chapter.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 16069 District Apportionment Repayment

Each district to which an apportionment has been made under this chapter shall repay the principal amount of the apportionment and the accrued interest thereon in the amount and in the manner provided in this chapter. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 10, 2026

Key Terms

apportionment principal amount accrued interest Stats. 1996, Ch. 277, Sec. 2

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 16069.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References