SECTIONS 16280-16284 - California Statutes

EDUCATION CODE

SECTION 16280-16284

16280. Not to exceed six million dollars ($6,000,000) of the amount
of the proceeds of bonds issued under the State School Building Aid
and Earthquake Reconstruction and Replacement Bond Law of 1974 shall
be allocated by the State Allocation Board to the Regional
Occupational Center of Kern for the construction and equipping of a
new regional occupational center to be located in Kern County. The
funds shall be available for allocation to the entity for a period of
not more than four years from the effective date of this article and
during such period the entity shall apply for the funds as are
necessary to accomplish the purposes of this article. Funds shall be
expended after the four-year period with respect to allocations made
during the four-year period.
Only Sections 16000, 16001, 16003, 16005, and 16006, and Sections
16009, 16018, 16019, 16021, 16089, 16093, 16094, 16097, and 16099 of
Article 1 (commencing with Section 16000) of this chapter shall be
applicable to the administration of this article unless the context
of this article as determined by the State Allocation Board requires
otherwise.

16281. The Legislature finds that the Regional Occupational Center
of Kern is comprised of three school districts in Kern County and it
provides vocational training in areas of social and economic need.
The Legislature further finds that the entity is in need of school
building facilities and the participating school districts have
levied the permissive override tax authorized by Education Code
Section 52317 to meet the cost of that construction. Inflation
dictates that construction must begin at the earliest possible time
to minimize the overall cost. The Legislature intends, therefore, in
enacting this article to make available the necessary funds for
immediate construction of the needed school facilities. The
Legislature intends, however, that the funds shall be paid back in
full with interest as provided by this article so that the taxpayers
of this state shall not be required to pay for the support of the
facilities.

16282. Any amounts allocated and disbursed to the Regional
Occupational Center of Kern pursuant to this article shall be fully
repaid with interest by the entity to the state in 20 equal annual
payments commencing with the second fiscal year after the date of
disbursement to the entity. Interest shall be paid at a rate
determined by the State Allocation Board. Amounts allocated pursuant
to this article shall be repaid by the entity from the proceeds of
the tax levied by the participating school districts pursuant to
Section 52317 and the payments shall be transferred by the County
Auditor of Kern County to the State Treasury for the credit of the
State School Building Aid Fund in accordance with established
regulations and procedures.

16283. If at the time of considering the entity's application the
State Allocation Board determines that the revenue to be received
from the tax permitted by Section 52317 will be insufficient to pay
the principal and interest of the loan in 20 equal annual payments,
the board shall approve the application and allocate the funds
therefor only upon condition that an election be called by the
governing board of the entity and that two-thirds of the qualified
electors of the entity voting on a proposition therefor, authorize
the governing board to accept, expend and repay as provided in this
article the allocation or apportionment. The election shall be
called, held, and conducted in the same manner as are elections to
authorize the issuance of school district bonds, except that the
ballot shall contain substantially the following words:

"Shall the Governing Board of the Regional Occupational Center of
Kern, for the purpose of providing permanent facilities for a
regional occupational center, be authorized to accept, expend, and
repay an apportionment from the State of California under and subject
to the provisions of Article 7.5 (commencing with Section 16280) of
Chapter 8, Part 10, Division 1, Title 1 of the Education Code, in an
amount not to exceed $____. Yes__ No__"

16284. On or before the first day of January of each fiscal year
the Controller shall determine the annual repayment due.