§ 57452 District Asset Transfer Rules

• •When a district is closed, all its money and property go to the new group in charge.
• •This includes cash, unpaid bills, land, and any other stuff the district owned.
• •The new group uses these things to finish up the district's business.

A small school district is closed down because there aren’t enough students.

All the money in the district’s bank, unpaid lunch fees, and even the school buildings now belong to the new group handling the shutdown. They’ll use this money and property to pay off any remaining bills or teachers before closing everything for good.