TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-64100›DIVISION 3. LOCAL ADMINISTRATION 35000-45460›PART 24. SCHOOL FINANCE 41000-43052›CHAPTER 1. State Financial Management and Control 41000-41060›ARTICLE 4. Miscellaneous Provisions 41050-41060
§ 41052
California Education Code · 2018-11 edition · updated 2026-10-04 · California
Whenever the assessed valuation of a school district is reduced as a result of the operation of Section 992 of the Revenue and Taxation Code, the school district shall receive replacement revenue from the state for the loss of revenue to the district.
A school district shall be eligible for replacement revenue when the assessed valuation exempted as the result of the operation of Section 992 of the Revenue and Taxation Code is 30 percent or more of the district’s assessed valuation in the 1970–1971 fiscal year. A school district shall be ineligible for replacement revenue when its assessed valuation has increased 250 percent or more over the 1970–1971 fiscal year assessed valuation.
(Enacted by Stats. 1976, Ch. 1010.)
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