General Provisions
Cal. EDC § 16071
California Statutes
This
section applies only to a unified school district that filed an application on or after April 30, 1977, for an apportionment for a grade level consisting of kindergarten, if any, and grades to 12, inclusive, and the repayments required for apportionments made under those applications. The following
definitions apply to the computation and determinations required to be made under Sections 16072, 16074, and 16075, and they apply with respect to the grade level of a unified school district for which grade level an apportionment has become final during any preceding fiscal year: (a) “Forty-cent tax amount” means the amount that would be produced by a tax of 0.20 percent of full valuation for the current fiscal year within the district. (b) “Thirty-cent tax amount” means the amount that would be produced by a tax of 0.15 percent of full valuation for the current fiscal year within the district. (c) “Ten-cent tax amount” means the amount that would be produced by a tax of 0.05 percent of full valuation for the current fiscal year within the district. (d) “Eligible bonded debt service” means the amount raised and to be raised by the district during the current fiscal year for the repayment of principal and interest on the portion of the bonded indebtedness of the district that was incurred for each grade level prior to the making of the first apportionment for the grade level to the unified school district under this
chapter computed as provided in
Section plus the amount of the annual repayment under
Chapter 6 (commencing with
Section 15700) of this part. If the unified school district’s first apportionment under this
chapter was for a grade level consisting of kindergarten, if any, and grades to 6, inclusive, grades to 8, inclusive, grades to 12, inclusive, grades to 12, inclusive, or grades to 10, inclusive, “eligible bonded debt service” means the amount raised and to be raised by the district during the current fiscal year for the repayment of principal and interest on the portion of the indebtedness that was incurred for elementary and high school purposes prior to the making of the first apportionment under this
chapter computed as provided in