Section 1820 - District Financial Requirements(a) In addition to any other requirements of the Act, these regulations, and the apportionment resolution a district shall contribute the following funds as soon as they become available to the district toward the cost of the project or, if the project be completed, toward the reduction of any apportionments previously made: (1) The net proceeds from the sale, or the fair value as determined by the Director of General Services, whichever is greater, or the net revenue derived from the lease or rental of the following: (A) Facilities required by the Board to be disposed of, including but not limited to any real property, inadvertently or otherwise not declared in the application, which the Board may deem to be in excess of the needs of the district.(B) Improvements, materials, crops, and natural resources on a site or sites owned by a district.(C) Furniture and equipment owned by the district which is replaced, or which is required by the Board to be disposed of or is otherwise disposed of, as the result of an apportionment.(2) Federal grants of any kind contributable toward the cost of a project approved by the Board, including but not limited to grants that may be made available to a district for the purpose of preparing plans and/or for providing any facility included in an approved application when the enrollment upon which such a Federal grant was justified is substantially the same as that included in an application for State aid.(3) Any funds (other than specified in (5) below) encumbered for capital outlay purposes, but not subsequently expended for the purposes for which encumbered.(4) Reimbursements from any company, organization, firm, individual, or public entity for utility construction, installation, connection, or service charges paid by a district with any funds available for the project pursuant to a construction project for which an apportionment has been made.(5) District funds authorized for any project or projects previously approved by the Board which are in excess of the final costs thereof.(6) Interest earned on any funds available for costs of a project including interest reasonably attributable to such funds where the same are commingled with other funds earning interest.(7) Any other financial resources of a district which the Board may deem to be available for the purposes of the application.(b) The Director of General Services shall determine on behalf of the Board the amount of funds a district is required to contribute under Subsections (1) through (7) above.Cal. Code Regs. Tit. 2, § 1820
1. Amendment of subsection (b) filed 12-30-76; effective thirtieth day thereafter (Register 77, No. 1). For prior history, see Register 71, No. 51. Note: Authority cited: Section 15503, Government Code. Reference: Section 19572, Education Code.
1. Amendment of subsection (b) filed 12-30-76; effective thirtieth day thereafter (Register 77, No. 1). For prior history, see Register 71, No. 51.