§ 15728 District Apportionment Repayment

Education Code·California

AI SummaryVerified

This law says any district that gets a money share must pay back the original amount plus interest, following the rules set out later in the same chapter.

Key Takeaways

•Districts that get a money share must pay it back.
•They must also pay the interest that adds up over time.
•The way they pay back is decided by the rules later in the same chapter.

Example

A county school district receives a state grant to build a new library.

The district has to later return the grant money plus any interest that builds up, using the repayment schedule that the law later describes.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 15728 District Apportionment Repayment

Each district to which an apportionment has been made under this chapter shall repay the principal amount of the apportionment and the accrued interest thereon in the amount and in the manner hereinafter provided in this chapter. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Last verified: January 10, 2026

Key Terms

apportionment repay principal amount accrued interest

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 15728.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References