SECTIONS 15300-15303 - California Statutes

EDUCATION CODE

SECTION 15300-15303

15300. This chapter provides a method for the formation of school
facilities improvement districts consisting of a portion of the
territory within a school district or community college district, for
the conduct of a bond election within a school facilities
improvement district, and for the issuance of general obligation
bonds by a school district or community college district for a school
facilities improvement district.

15301. (a) A school district or community college district that has
a community facilities district formed pursuant to the Mello-Roos
Community Facilities Act of 1982, as set forth in Chapter 2.5
(commencing with Section 53311) of Part 1 of Division 2 of Title 5 of
the Government Code, that has as one of its purposes the
construction of school facilities within a portion of the territory
of the school district or community college district, may proceed
under this chapter.
(b) The boundaries of a school facilities improvement district
formed pursuant to this chapter shall include all of the portion of
the territory within the boundaries of the school district or
community college district that is not located within the boundaries
of the community facilities district as described in subdivision (a).
(c) A school district or community college district may proceed
under this chapter without meeting the requirements of subdivisions
(a) and (b) if the governing board of the school district or
community college district determines that it is necessary and in the
best interest of the school district or community college district,
respectively, to form a school facilities improvement district
pursuant to this chapter to finance school facilities and purposes
authorized pursuant to Section 15100. As a part of that
determination, the governing board of the school district or
community college district shall make a finding that the overall cost
of financing the bonds issued pursuant to this part would be less
than the overall cost of other school facilities financing options
available to the school district or community college district,
including, but not limited to, issuing bonds pursuant to the
Mello-Roos Communities Facilities Act of 1982 (Ch. 2.5 (commencing
with Sec. 53311), Pt. 1, Div. 2, Title 5, Gov. C.). The governing
board of the school district or community college district proceeding
under this subdivision shall define the boundaries of the school
facilities improvement district to include any portion of territory
within the jurisdiction of the school district or community college
district.
(d) The governing body of a school district or community college
district that proceeds under this chapter shall comply with the
filing requirements established by Section 54902 of the Government
Code. A plat or map that is filed pursuant to this subdivision shall
specifically identify property, located within the school district or
community college district, that is not located within the
improvement district established by the school district or community
college district pursuant to this chapter.

15303. (a) This chapter shall not be operative in a county or
counties until the board of supervisors of the county in which the
county superintendent of schools having jurisdiction over the school
district or community college district in which a proposed school
facilities improvement district is located, and the board of
supervisors of any county in which a proposed school facilities
improvement district is located, by resolution adopted by a majority
vote of each affected board of supervisors, makes this chapter
applicable in the county or counties. The resolution may make this
chapter operative in the county generally, or to one or more school
districts or community college districts.
(b) A board of supervisors adopting a resolution pursuant to
subdivision (a) shall file that resolution with the California Debt
and Investment Advisory Commission established pursuant to Section
8855 of the Government Code.