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HomeEducation CodeCh. 9Art. 3§ 42621 Emergency School District Loans

§ 42621 Emergency School District Loans

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 42621 Emergency School District Loans

Key Takeaways

  • •If a school or charter school runs out of money, the county can lend them some cash to keep running.
  • •The county can only lend up to 85% of the money the school is expecting to get soon.
  • •The school must pay back the loan before the end of the school year (June 30).

Example

A small school district runs out of money in March and can't pay for buses or teacher salaries.

The county can lend them up to 85% of the money they're expecting to get soon, like from the state. But the school has to pay it back by June 30.

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

Official Source
View on CA.gov

§ 42621 Emergency School District Loans

The county superintendent of schools of each county, with the approval of the county board of education, may make temporary transfers to a school district or charter school that does not have sufficient money to its credit to meet current operating expenses from the county school service fund, in amounts and at times that the county superintendent of schools deems necessary. These transfers shall not exceed 85 percent of the amount of money accruing to the school district or charter school at the time of transfer. The amounts so transferred shall be repaid to the county school service fund before June 30 of the current year from any funds subsequently received by the school district or charter school. (Amended by Stats. 2012, Ch. 38, Sec. 51. (SB 1016) Effective June 27, 2012.)

Last verified: January 23, 2026

Key Terms

county superintendent of schoolscounty board of educationtemporary transfersschool districtcharter schoolcounty school service fund85 percentJune 30

Related Statutes

  • § 42620 Emergency School District Funding
  • § 42622 County School Fund Repayment
  • § 42620.1 Charter School Emergency Funding
  • § 1294 County School Employee Leave Rights
  • § 42602 School District Unbudgeted Income

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 42621.
View Official Source