(a) Notwithstanding any other law, commencing with the 2022-23 fiscal year, the Director of Finance shall annually adjust the percentage of General Fund revenues appropriated for school districts and community college districts, respectively, in fiscal year 1986-87 for purposes of making the calculations required under paragraph (1) of subdivision (b) of § 8 of Article XVI of the California Constitution, so that any annual increase in local control funding formula apportionments generated by an increase in average daily attendance due to the implementation of Section 48000 results in a commensurate increase in General Fund proceeds of taxes and allocated local proceeds of taxes that are required to be applied by the state for the support of school districts and community college districts pursuant to § 8 of Article XVI of the California Constitution.

(b) The amount of the adjustment described in subdivision (a) for a given fiscal year shall be considered final as of the final prior year certification pursuant to Section 41206.01.

Terms Used In California Education Code 41204.7

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

(Added by Stats. 2022, Ch. 52, Sec. 17. (AB 181) Effective June 30, 2022.)

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