(

a) Except as provided in subdivisions (

b) and (c), when a governing board has adopted a resolution specified in

Section 35110, the elementary school district and the high school district shall be deemed to be a single school district for all purposes, including, but not limited to, budget and personnel matters, and the governing board shall be deemed to be the governing board of a single school district. (

b) When a governing board has adopted a resolution pursuant to

Section 35110, the school districts under its jurisdiction shall continue to be treated as separate school districts for purposes of computing state apportionments and allowances, and allocations of local property tax revenue. (

c) When a governing board has adopted a resolution pursuant to

Section 35110, the school districts under its jurisdiction shall continue to hold title to the property of each district separately and any indebtedness for such property shall remain in the indebtedness of each separate district. (

d) When a governing board has adopted a resolution pursuant to

Section 35110, the school districts under its jurisdiction shall publish annually, in a newspaper of local circulation, the general fund income and expenses of both districts. The publication documents shall indicate the amount transferred to each district pursuant to

Section from the combined special reserve of both districts. The governing board shall adopt a resolution authorizing the specific transfers pursuant to

Section at the time of the final budget adoption. (

e) For the purpose of

Section 53892.1 of the Government Code, common governing boards, as described in

Section 35110, shall be reported as one single educational entity.