SB 1385, as introduced, Leyva. Community colleges: optional method for registering warrants.
When an order on community college district funds is received by the county superintendent of schools, and there is insufficient money in the fund or funds against which the order is drawn to pay the orders in full, existing law requires the order to be registered as a warrant on the county treasurer and transmitted to the governing board of the community college district, as specified. Existing law requires county auditors, within 10 days after the end of each month, to report to the superintendent of schools the amount of interest added to registered warrants and paid during the preceding month.
This bill would make a nonsubstantive change to that provision relating to reports by county auditors.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 85304 of the Education Code is amended
2to read:
Within 10 days after the end of each month, the county
4auditor shall report to the superintendent of schools the amount of
5interest added to registered warrants and paid during the preceding
P2 1month. The report shall show each district to whose registered
2warrants, paid during the month covered by the report, interest
3was added and the amount ofbegin delete theend deletebegin insert thatend insert interest for the district. The
4superintendent of schools shall immediately report, in writing, to
5the clerk or secretary of each district for which interest was paid,
6the amount of the interest paid for the district.
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