SECTIONS 15260-15262 - California Statutes

EDUCATION CODE

SECTION 15260-15262

15260. In case of a district lying in two or more counties, the
assessor of each of the counties in which the district lies, shall
annually as soon as the county assessments have been equalized by the
State Board of Equalization, certify to the board of supervisors of
each of the counties in which any portion of the district is
situated, the assessed value of all taxable property in the county
situated in the school district or community college district. The
tax shall be levied according to the ratio which the assessed value
of the property in the district in any county bears to the total
assessed value of the property in the district. Each board of
supervisors shall levy upon the property of the district and within
its own county the rate of tax that will be sufficient to raise not
less than the amount needed to pay the interest and any portion of
the principal of the bonds that is to become due during the year.

15261. The tax shall be entered upon the assessment roll and
collected in the same manner as other school taxes.
The tax when collected shall be paid into the county treasury of
the county. The treasurer of any county, other than the one whose
superintendent of schools has jurisdiction over the school, shall,
upon order of the county auditor, pay the sum collected on account of
the tax into the treasury of the county whose superintendent of
schools has jurisdiction over the school.

15262. This article shall apply only to bonds of a school district
which were approved by the electors prior to July 1, 1978, and to
bonded indebtedness for the acquisition or improvement of real
property approved by two-thirds of the voters on or after June 4,
1986.