§ 23380 District Funds Transfer Rules

Key Takeaways

•If a new county is being created and it splits up a road, school, or other district, the old county must share the leftover money fairly.
•The old county's leaders must officially decide how much money to give to the new county based on what’s fair.
•The money must be sent to the new county’s treasurer so the split-up district can keep working properly.

Example

Imagine a small town’s school district gets split because a new county is formed. The old county had $100,000 left in the school fund, and half the schools are now in the new county.

The old county’s leaders must vote to send $50,000 (half the money) to the new county so the schools there have enough money to run.

Whenever in the formation of a proposed county, a road, supervisorial, or school district has been divided the board of each affected county shall by resolution direct its treasurer to transfer the proper proportionate amount of the money remaining in the fund of such district to the treasurer of the proposed county. (Repealed and added by Stats. 1974, Ch. 1392.)

Key Takeaways

•If a new county is being created and it splits up a road, school, or other district, the old county must share the leftover money fairly.
•The old county's leaders must officially decide how much money to give to the new county based on what’s fair.
•The money must be sent to the new county’s treasurer so the split-up district can keep working properly.

Example

Imagine a small town’s school district gets split because a new county is formed. The old county had $100,000 left in the school fund, and half the schools are now in the new county.

The old county’s leaders must vote to send $50,000 (half the money) to the new county so the schools there have enough money to run.

Key Takeaways

Example

Key Terms

References

§ 23380 District Funds Transfer Rules

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References