SECTIONS 42620-42623 - California Statutes

EDUCATION CODE

SECTION 42620-42623

42620. Whenever prior to the receipt by any school district or
county school service fund of its state, county, city and county, or
district funds, any school district or county school service fund of
a county or city and county does not have sufficient money to its
credit to meet current expenses of maintenance, the board of
supervisors of the county or city and county shall order, and the
auditor and treasurer of the county or city and county shall make a
temporary transfer from any funds of the county or city and county
not immediately needed to pay claims against them to the school fund
of the district or county school service fund of the amount needed,
not exceeding 85 percent of the amount of money which will accrue to
the school district or county school service fund during the fiscal
year. Upon the making of the transfer the auditor shall immediately
notify the superintendent of schools of the county or city and county
of the amount transferred. Each transfer of funds requested under
this section shall be granted in order of receipt by the board of
supervisors, regardless of whether sufficient county funds are
available for transfer to meet pending or anticipated requests of
school districts.
The funds transferred under this section to the credit of a school
district or county school service fund shall be retransferred by the
auditor and treasurer to the fund from which they were taken from
the first moneys accruing to the school district or county school
service fund and before any other obligation of the school district
or county school service fund is paid from the money accruing.

42621. The county superintendent of schools of each county with the
approval of the County Board of Education, may make temporary
transfers to any school district which does not have sufficient money
to its credit to meet current operating expenses from the county
school service fund, in such amounts and at such times as he deems
necessary. Such transfers shall not exceed 85 percent of the amount
of money accruing to the school district at the time of transfer. The
amounts so transferred shall be repaid to the county school service
fund prior to June 30 of the current year from any funds subsequently
received by the school district.

42622. The county superintendent of schools, with the approval of
the county board of education, may make an apportionment to a school
district from the county school service fund conditional upon the
repayment to the fund during the next succeeding fiscal year of the
amount apportioned to the district and shall, during the next
succeeding fiscal year, transfer the amount of such apportionment
from the general fund of the district to the county school service
fund.

42623. Upon the request of the county board of education on behalf
of a newly organized school district, and upon the order of the
county board of supervisors of the county or city and county, the
auditor and treasurer of the county or city and county shall make a
temporary transfer from any funds of the county or city and county
not immediately needed to pay claims against them to the general fund
of the newly organized school district for the purpose of meeting
the current expense of the district until such time as the district
receives its first state apportionments or district tax funds. Upon
the making of the transfer, the auditor shall immediately notify the
superintendent of schools of the county or the city and county of the
amount transferred.
The funds transferred under this section to the general fund of a
newly organized school district shall be retransferred by the auditor
and the treasurer to the fund from which they were taken from the
first moneys accruing to the school district after it becomes
effective for all purposes pursuant to Section 4000 and before any
other obligation of the school district is paid from the money
accruing.