Today's Law As Amended


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AB-1726 Education finance: Oakland Unified School District: sale of surplus property.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 11 of Chapter 14 of the Statutes of 2003, as amended by Section 1 of Chapter 164 of the Statutes of 2011, is amended to read:

Sec.11. Sec. 11. 
 (a) Notwithstanding Sections 17456, 17457, 17457.5,  17462, and 17463 of the Education Code, or any other law, from January 1, 2012, to June 30, 2016, 2020,  inclusive, the Oakland Unified School District may sell property owned by the district and use the proceeds from the sale to reduce or retire the emergency loan provided in Section 9 of this act. The sale only of property pursuant to this subdivision is not subject to Section 17388, 17459, or 17464 of the Education Code.
(b) Notwithstanding any other law, from January 1, 2012, to June 30, 2016, 2020,  inclusive, the Oakland Unified School District is not eligible for financial hardship assistance pursuant to Article 8 (commencing with Section 17075.10) of Chapter 12.5 of Part 10 of the Education Code.
SEC. 2.
 The Legislature finds and declares that a special law is necessary and that a general law cannot be made applicable within the meaning of Section 16 of Article IV of the California Constitution because of the unique circumstances relating to the fiscal emergency in the Oakland Unified School District.