California § 17462.3 - The State Allocation Board may establish a program that requires a school distric
Full text of California Public Contract Code - PCC § 17462.3 — The State Allocation Board may establish a program that requires a school distric, with citation guidance and answers to common questions.
§ 17462.3. The State Allocation Board may establish a program that requires a school distric
(a) The State Allocation Board may establish a program that requires a school district, county office of education, or charter school that sells real property that was purchased with or modernized with, or on which improvements were constructed that were funded with, any moneys from a state school facilities funding program, to return to the State Allocation Board the moneys the school district, county office of education, or charter school received from the state school facilities funding program for the purchase, modernization, or construction if all of the following conditions are met: (1) The real property is not sold to a charter school pursuant to Section 17457.5, a school district, a county office of education, or an agency that will use the property exclusively for the delivery of child care and development services pursuant to Section 17458. (2) The proceeds from the sale of the real property are not used for capital outlay. (3) The real property was purchased, or the improvements were constructed or modernized on the real property, within 10 years before the real property is sold. (b) The moneys to be returned to the State Allocation Board under this section are those received within 10 years before the real property is sold. (c) If a portion of the real property is sold, a proportionate amount of funds received from a state school facilities funding program shall be returned to the State Allocation Board under this section based on the percentage of the real property sold.
Frequently Asked Questions About California § 17462.3
What does Public Contract Code - PCC § 17462.3 cover?
Section 17462.3 ("The State Allocation Board may establish a program that requires a school distric") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 17462.3?
A common citation format is "Public Contract Code - PCC § 17462.3" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 17462.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.