The Director of Finance shall monitor the adequacy of the amount of funds in the Charter School Security Fund and report annually to the Legislature on the need, if any, to adjust the interest rate set forth in Section 41366.5 or to revise any other aspect of the default recovery plan.
(Added by Stats. 2000, Ch. 586, Sec. 3. Effective January 1, 2001.)
Last modified: October 25, 2018