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HomeEducation CodeCh. 6Art. 1§ 16076 Controller Debt Service Repayment Recomputation

§ 16076 Controller Debt Service Repayment Recomputation

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 16076 Controller Debt Service Repayment Recomputation

When the Director of General Services says there is extra debt that can be paid, the Controller must redo the yearly payment calculation and tell the county supervisors, the district board, the county auditor, and the county school superintendent about the new payment before taxes are set.

Key Takeaways

  • •If extra eligible debt is certified, the annual repayment must be recomputed.
  • •The Controller must send a written notice to the county supervisors, district board, county auditor, and county superintendent.
  • •The notice must be sent before the county board of supervisors levies taxes.

Example

A school district gets approval for extra borrowing to fix an old building.

The Controller will recalculate how much the district has to pay each year and send a written notice to the county supervisors, the school board, the county auditor, and the county superintendent before the county decides on its tax rates.

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

Official Source
View on CA.gov

§ 16076 Controller Debt Service Repayment Recomputation

Whenever the Director of General Services has certified an additional amount of eligible debt service under the provisions of Section 16073, the Controller shall make a recomputation of the annual repayment and notify, in writing, the board of supervisors of the county, the governing board of the district, the county auditor, and the county superintendent of schools having jurisdiction over the district of the revised repayment. The recomputation and notification shall be completed prior to the date on which the board of supervisors makes the levy of taxes for county purposes. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2.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

Director of General Serviceseligible debt serviceControllerannual repaymentboard of supervisorsgoverning board of the districtcounty auditorcounty superintendent of schools

Related Statutes

  • § 16073 School Bond Repayment Requirements
  • § 16061 School Bond Election Certification
  • § 16072 Bonded Debt Service Certification
  • § 16080 Deduction For School Aid Repayment
  • § 16089 School Fund Deduction Notice

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 16076.
View Official Source