BILL NUMBER: AB 2689	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Gray

                        FEBRUARY 19, 2016

   An act to amend Section 42610 of the Education Code, relating to
school finance.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2689, as introduced, Gray. School district funds: expenditures
and appropriations: excess funds.
   Existing law requires any amounts added to the general reserve of
the school district in excess of the amount already budgeted to not
be available for the appropriation by the school district for the
current fiscal year, except as provided.
   This bill would make nonsubstantive changes to this law.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 42610 of the Education Code is amended to read:

   42610.   (a)    Any amounts added to the general
reserve of the school district in excess of the amount already
budgeted shall not be available for appropriation by the school
district for the current fiscal year except by the following
procedure. The governing board of the school district shall, by
formal action of the board, pass a resolution setting forth the need
according to major classification of school district expenditures to
be met from  any   a  portion of the
general reserve derived from assured income in excess of the total
amount anticipated in the budget. The resolution shall be submitted
to the county superintendent of schools. 
   The 
    (b)     The  county superintendent of
schools shall approve  any   a  resolution
for the appropriation of income to the extent that the income was not
anticipated in the budget of the school district. 
   On 
    (c)     On  the first day of July of
each year, the general reserve together with unexpended balances of
appropriations and income in excess of anticipated income for the
preceding fiscal year shall be placed to the credit of the school
district, and the school district shall include all money so credited
in the balance shown in the budget for the ensuing fiscal year.