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Article 2.7. Emergency Apportionment Financing   

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The following definitions apply to this article, Article 2 (commencing with Section 41320), and Article 2.5 (commencing with Section 41325), unless the context clearly indicates or requires another or different meaning:

(a) "Bank" means the California Infrastructure and Economic Development Bank.

(b) "Bonds" has the same meaning specified in Section 63010 of the Government Code.

(c) "Loan" and "emergency apportionments" means the financing described in Sections 41329.51, 41329.52, and 41329.53. The financing does not constitute a borrowing but an advance payment of apportionments subject to repayment with interest as described in the article.

(d) "School district" means a school district that requests an emergency apportionment pursuant to Section 41320, including, as applicable, an administrator appointed pursuant to Article 2 (commencing with Section 41320) and a trustee appointed pursuant to Article 2.5 (commencing with Section 41325).

(Added by Stats. 2004, Ch. 263, Sec. 8.)

Reference:

Education Code 41320

Education Code 41325

Education Code 41329.51

Education Code 41329.52

Education Code 41329.53

Government Code 63010