Section 97.46 - Allocation of revenue deposited in Educational Revenue Augmentation FundNotwithstanding subdivision (d) of Section 97.2 and subdivision (d) of Section 97.3, the revenue deposited in the Educational Revenue Augmentation Fund pursuant to Section 33681.9 of the Health and Safety Code shall be allocated as follows:
(a) To county offices of education, the amount of those revenues that would be allocated pursuant to paragraph (1) of subdivision (d) of Section 97.2 and paragraph (1) of subdivision (d) of Section 97.3 multiplied by 1.85185.(b) To community college districts, the amount of those revenues that would be allocated pursuant to paragraph (1) of subdivision (d) of Section 97.2 and paragraph (1) of subdivision (d) of Section 97.3 multiplied by 1.85185.(c) To school districts the remainder after the allocations made in subdivisions (a) and (b).Ca. Rev. and Tax. Code § 97.46
Added by Stats 2003 ch 757 (AB 296),s 10, eff. 1/1/2004.