Section 1830 - Conditional Apportionment(a) In addition to complying with any other requirements of these regulations or the Act, the Board, at the time of making a conditional apportionment, shall: (1) Specify the amount of bonds to be issued and sold by the school district as a condition of an apportionment.(2) Specify the amount of funds to be contributed by the district.(3) Approve a total estimated cost and a budget for the project.(4) Prescribe the purposes for which an apportionment may be expended.(5) Prescribe the manner, terms, and conditions for releasing the apportionment to the district.(6) Fix the rate of interest to be paid by the district on the sum apportioned to it in accordance with the provisions of Section 16065 of the Act.(b) Pursuant to Regulation 1830(a)(1) and Education Code Section 16058(a), the amount of bonds specified to be issued and sold shall be such as will bring the total amount of bonds outstanding in excess of 95% of, and to within five thousand dollars ($5,000) of the basic bond requirement of Section 16002.5 for the grade level or grade levels maintained by the district as defined in Sections 16002 and 16003. In any instance where an extreme hardship would otherwise result, the board may specify the issuance and sale of a lesser amount of bonds but in no event less than that required by Section 16058(a).Cal. Code Regs. Tit. 2, § 1830
1. Amendment of subsection (a)(6) and new NOTE filed 4-29-77; effective thirtieth day thereafter (Register 77, No. 18).
2. New subsection (b) filed 1-24-78; effective thirtieth day thereafter (Register 78, No. 4). Note: Authority cited: Section 16009, Education Code. Reference: Sections 16058(a) and 16065, Education Code.
1. Amendment of subsection (a)(6) and new NOTE filed 4-29-77; effective thirtieth day thereafter (Register 77, No. 18).
2. New subsection (b) filed 1-24-78; effective thirtieth day thereafter (Register 78, No. 4).