Education finance: revenue limit apportionments.

(1) Existing law requires the Controller to draw warrants on the State Treasury in favor of the county treasurer of each county in each month of each year in prescribed amounts and in a prescribed manner. Commencing with the 2008–09 fiscal year, existing law requires the warrants for the principal apportionments for the month of February in the amount of $2,000,000,000 to be drawn in July of the same calendar year, and requires those warrants to be applied toward the minimum funding requirements for school districts and community college districts imposed by Section 8 of Article XVI of the California Constitution for the year in which they are drawn. This bill would prohibit a school district's apportionment deferral from exceeding, at any time during a fiscal year, $225 multiplied by the 2009–10 second principal apportionment average daily attendance if the district's average daily attendance, excluding charter school average daily attendance, for the 2009–10 2nd principal apportionment is equal to or less than 500. The bill would provide that these provisions apply only to apportionment deferrals within a single fiscal year. The bill would make these provisions inoperative on September 1, 2011, and would repeal them on January 1, 2012. (2) This bill would declare that it is to take effect immediately as an urgency statute.