There is hereby established in the General Fund the Proposition 98 Reversion Account. The Legislature shall, from time to time, transfer into the Proposition 98 Reversion Account moneys previously appropriated in satisfaction of the requirements of Section 8 of Article XVI of the California Constitution that have not been disbursed or otherwise encumbered for the purposes for which they were appropriated. Moneys that are appropriated in satisfaction of the minimum funding obligation under Section 8 of Article XVI of the California Constitution that would otherwise revert to the unexpended balance of the General Fund shall instead be deposited in the Proposition 98 Reversion Account.
Cal. Educ. Code § 41207.5
Determination of Minimum Level of Education Funding
Known as the John B. Mockler School Finance Act
The act spans §§ 41200–41211 (43 sections).
Applied in 1 court decision — leading case California School Boards Ass'n v. State (2011)
Most recently applied in California School Boards Ass'n v. State (February 2011)
Added by Stats. 2004, Ch. 899, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.