TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-64100›DIVISION 3. LOCAL ADMINISTRATION 35000-45460›PART 24. SCHOOL FINANCE 41000-43052›CHAPTER 3.1. Emergency Apportionment Repayment for West Contra Costa Unified School District 41470-41474›ARTICLE 1. Repayment of Loan Obligations 41470-41474

§ 41474

California Education Code · 2018-11 edition · updated 2026-10-04 · California

Notwithstanding Sections 41471 and 41472, the school district may submit a request to the Director of Finance to have the interest rate on the remaining outstanding balance of its emergency apportionments changed to reflect the investment rate of the Pooled Money Investment Account as reported by the State Controller’s office for the immediately preceding fiscal year. Upon receipt of the request, the Director of Finance shall change the interest rate pursuant to this section. A change in the interest rate does not change other terms of the repayment schedule.

(Amended by Stats. 2004, Ch. 52, Sec. 11. Effective June 21, 2004.)

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