§ 16165 State School Fund Repayment

This law tells the Controller how to figure out the yearly repayment each school district owes the state and then take that amount out of the money the state gives to the district.

Key Takeaways

•The Controller must calculate each district’s yearly repayment using the rules in §§ 16161, 16163, and 16164.
•The repayment amount is taken out of the money the state already gave to the district.
•Only the portion the district owes is deducted; the rest of the grant stays with the district.

Example

A school district receives $1,000,000 from the State School Fund, but the Controller calculates that the district must repay $100,000 for the year.

The Controller will subtract the $100,000 repayment from the $1,000,000 grant, so the district actually gets $900,000 to use.

How to Calculate

Annual Repayment = amount computed according to §§ 16161, 16163, and 16164 (the law’s own calculation method).

Find the total apportionment (money) the state gave to the district under the listed sections.
Use the method described in §§ 16161, 16163, and 16164 to calculate the district’s repayment amount.
Subtract the repayment amount from the total apportionment to get the net amount the district receives.

District gets $1,000,000 from the State School Fund and the repayment calculation (per §§ 16161‑16164) says it owes $100,000.

Result: Net amount to district = $1,000,000 – $100,000 = $900,000

The Controller shall compute, in accordance with Sections 16161, 16163 and 16164, the amount of the annual repayment due the state on account of the apportionment or apportionments to each state-aided district and shall deduct from the respective apportionments made from the State School Fund under Sections 46304, 46305, and 92 or 41050, Sections 41330 to 41343, inclusive, and Sections 41600 to 41972, inclusive, to the state-aided district and an acquiring district the portion thereof for which each is liable under this article (Sections 16150 to 16166, inclusive). (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

This law tells the Controller how to figure out the yearly repayment each school district owes the state and then take that amount out of the money the state gives to the district.

Key Takeaways

•The Controller must calculate each district’s yearly repayment using the rules in §§ 16161, 16163, and 16164.
•The repayment amount is taken out of the money the state already gave to the district.
•Only the portion the district owes is deducted; the rest of the grant stays with the district.

Example

A school district receives $1,000,000 from the State School Fund, but the Controller calculates that the district must repay $100,000 for the year.

The Controller will subtract the $100,000 repayment from the $1,000,000 grant, so the district actually gets $900,000 to use.

How to Calculate

Annual Repayment = amount computed according to §§ 16161, 16163, and 16164 (the law’s own calculation method).

Find the total apportionment (money) the state gave to the district under the listed sections.
Use the method described in §§ 16161, 16163, and 16164 to calculate the district’s repayment amount.
Subtract the repayment amount from the total apportionment to get the net amount the district receives.

District gets $1,000,000 from the State School Fund and the repayment calculation (per §§ 16161‑16164) says it owes $100,000.

Result: Net amount to district = $1,000,000 – $100,000 = $900,000

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 16165 State School Fund Repayment

Key Takeaways

Example

How to Calculate

Key Terms

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References