SECTIONS 15425 - California Statutes

EDUCATION CODE

SECTION 15425

15425. Notwithstanding any other provision of this chapter, it is
the intent of the Legislature that the rate of taxes levied annually
upon the property in a school facilities improvement district formed
pursuant to subdivision (a) of Section 15301 not be greater than the
rate of the annual special tax levied upon parcels in the same school
district or community college district that are part of 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. A determination by the governing board
of a school district or community college district, made at the time
bonds are sold pursuant to this part, that the rate of taxes to be
levied annually upon the property in the school facilities
improvement district, based upon tax rate estimates prepared pursuant
to Section 9401 of the Elections Code, does not exceed the rate of
the annual special tax levied upon parcels in the same school
district or community college district that are part of a community
facilities district formed pursuant to the Mello-Roos Community
Facilities Act of 1982, shall be conclusive evidence of compliance
with the intent of this section.