Section 1867.2 - Matching Funds(a) The State Allocation Board will fund 50% of each eligible district's abatement projects. The state Allocation Board may increase the apportionment to a district, upon request, if the required district contribution shown below in excess of 1/2 of 1% of the district's budgeted General Fund and Adult Education Fund, less capital outlay and debt service. | Required |
| A.D.A. District | Contribution |
| 4,499 or less | 25% of project cost |
| 4,500 or more | 50% of project cost |
In order to receive an increased apportionment, the district must agree to contribute into the State Asbestos Abatement Fund the lesser of the 1/2 of 1% figure each year for a period of five years or the full percentage of the required district contribution. Installment payments will cease at the time the required district contribution is attained or at the end of five years, whichever occurs first.
(b) Funds may be apportioned on estimated project cost, however, any savings realized after the project is completed will revert to the State Asbestos Abatement Fund. A district certification of project completion must be submitted to OAL within 30 days of completion.Cal. Code Regs. Tit. 2, § 1867.2
1. New Article 7 (Section 1867.2) filed 11-7-86; effective thirtieth day thereafter (Register 86, No. 45). For history of former Article 7, see Register 81, No. 18. Note: Authority cited: Section 15503, Government Code; and Sections 16009 and 39619.6, Education Code. Reference: Sections 49410, 49410.2 and 49410.7, Education Code.
1. New Article 7 (Section 1867.2) filed 11-7-86; effective thirtieth day thereafter (Register 86, No. 45). For history of former Article 7, see Register 81, No. 18.