{"code":"EDC","codeName":"Education Code","section":"17462.7","citation":"Ed. Code, § 17462.7","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1"},{"name":"DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1/division-1"},{"name":"PART 10.5. SCHOOL FACILITIES [17210. - 17672.]","url":"https://blackletter.si/education-code/title-1/division-1/part-10.5"},{"name":"CHAPTER 4. Property: Sale,Lease, Exchange [17385. - 17561.]","url":"https://blackletter.si/education-code/title-1/division-1/part-10.5/chapter-4"},{"name":"ARTICLE 4. Sale or Lease of Real Property [17455. - 17484.]","url":"https://blackletter.si/education-code/title-1/division-1/part-10.5/chapter-4/article-4"}],"history":"Added by Stats. 2003, Ch. 891, Sec. 2.   Effective January 1, 2004.","effective":"2004-01-01","html":"<p>The board shall reduce an apportionment of hardship assistance awarded to a school district pursuant to Article 8 (commencing with Section <a href=\"/edc/17075.10\">17075.10</a>) by an amount equal to the amount of any proceeds from the sale of surplus property used for a one-time expenditure of the school district pursuant to Section 17462.5 for five years following the expenditure.</p>","text":"The board shall reduce an apportionment of hardship assistance awarded to a school district pursuant to Article 8 (commencing with Section 17075.10) by an amount equal to the amount of any proceeds from the sale of surplus property used for a one-time expenditure of the school district pursuant to Section 17462.5 for five years following the expenditure.","otherVersions":[],"url":"https://blackletter.si/education-code/sale-or-lease-of-real-property-17462-7","source":"California Legislative Information bulk export (pubinfo)"}