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California Law (Last Updated: March 4, 2014) |
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Education Code - EDC |
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Title 1. GENERAL EDUCATION CODE PROVISIONS |
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Division 1. GENERAL EDUCATION CODE PROVISIONS |
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Part 10. SCHOOL BONDS |
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Chapter 6. State School Building Aid Law of 1952 |
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ARTICLE 9. School Housing Aid for Rehabilitation and Replacement of Structurally Inadequate School Facilities |
Section 16318.
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The board shall prescribe instructions specifying the manner in which property, real or personal, being replaced through the apportionment, shall be disposed of, and compliance with the instructions shall be a condition upon the making of the apportionment. The net proceeds derived from the disposition shall be contributed in reduction of any apportionment proportionate to the state's participating in the project. Any school district affected shall comply with instructions prescribed by the board. The board may require a district to transfer to the state by any instruments deemed appropriate by the board, title to the property, whereupon, the board shall dispose of the property in any manner it deems appropriate to insure the highest return to the state, and apply the applicable proceeds therefrom in reduction of apportionments to the district. The district affected shall do all things deemed necessary by the board to implement the disposition.