California - AB235



January 30, 2017


This bill would change the conditions under which the cap on local school district reserves is imposed and exempts basic school districts and small school districts from the cap, by providing that the cap on local school districts reserves will be imposed whenever the level of funding in the Public School System Stabilization Account (PSSSA) is equal to or exceed 3% of the combined total General Fund revenues appropriated and local proceed of taxes for school districts for that fiscal year. 

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