California Education Code 41542 – Commencing with the 2006-07 fiscal year, the amount of funding a …
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Commencing with the 2006-07 fiscal year, the amount of funding a school district receives pursuant to this article shall be adjusted for inflation by the amount calculated pursuant to Section 42238.1 and for growth as measured by the regular average daily attendance used to calculate the second principal apportionment for kindergarten and grades 1 to 12, inclusive, unless otherwise provided in the annual Budget Act.
(Amended by Stats. 2006, Ch. 371, Sec. 3. Effective September 20, 2006.)
Terms Used In California Education Code 41542
- 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.