California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 2. ELEMENTARY AND SECONDARY EDUCATION |
Division 3. LOCAL ADMINISTRATION |
Part 24. SCHOOL FINANCE |
Chapter 9. School District Funds—Expenditures and Appropriations |
ARTICLE 6. Orders and Warrants When Moneys Are Not Available |
Section 42675.
Latest version.
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As an alternative to the method provided in Section 42674, when any corporation, firm, or person presents two or more registered orders for payment at the same time, registered on the same date, and issued against the funds of the same district, the registered orders may be approved, allowed, and consecutively numbered by the county superintendent of schools and the county auditor as requisitions and warrants on the funds of the district, and a special interest requisition may be issued by the county superintendent of schools against the funds of the district for the total amount of the interest payable on the registered orders.
(Enacted by Stats. 1976, Ch. 1010.)