The Superintendent of Public Instruction and the Chancellor of the California Community Colleges, in consultation with the Division of Apprenticeship Standards, shall annually review the amount of state funding necessary to provide the reimbursements specified in Sections 8152 and 8153, and shall include an estimate of required funds in their budgets for each fiscal year.
If the amounts appropriated in any fiscal year are insufficient to provide full reimbursement, the hourly rate specified in Section 8153 shall be reduced on a pro rata basis so that the entire appropriation is allocated. The Superintendent of Public Instruction and the Chancellor of the California Community Colleges may mutually agree to the transfer of moneys from one section of the State School Fund to the other in an amount necessary to provide for full reimbursement, or equal funding on a pro rata basis, of the rate specified in Section 8153 for school and community college districts. The amount upon which the superintendent and chancellor agree is reappropriated from the appropriate section of the State School Fund to the other section of the State School Fund for the purpose specified in the agreement.
If the amount appropriated is in excess of the amounts needed for full reimbursement, any excess shall be allocated to school and community college districts to be used for the purpose of the state general apportionment from Sections A and B of the State School Fund.