§ 16002.5
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/ca/education-code/16002-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this chapter, the term “basic bond requirement,” means 5 percent of the assessed valuation of taxable property of the district for each grade level maintained by a district, as shown by the last equalized assessment of the county or counties in which the district is located, and as modified by Section 41201 or Section 84201.