Two billion twelve million thirty-five thousand dollars ($2,012,035,000) of the proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the State School Building Lease-Purchase Fund.
Article 2School Facilities Program Provisions
Section § 100010
This section of the law states that over two billion dollars, specifically $2,012,035,000, from the sale of bonds, will be put into the State School Building Lease-Purchase Fund. This fund is likely used for financing school building projects in the state.
bond proceeds State School Building Lease-Purchase Fund school financing bond issuance California education funding school construction financial allocation infrastructure funding education bonds capital projects state funding school buildings lease purchase fund allocation
Section § 100015
This law states that the money in the State School Building Lease-Purchase Fund is used to support school districts in California. It follows rules from a law made in 1976 and any changes made to it. The fund is also used to help county school officials, pay back any loans or money borrowed, pay interest on those loans, and reimburse a specific bond expense fund.
All moneys deposited in the State School Building Lease-Purchase Fund shall be available to provide aid to school districts of the state in accordance with the Leroy F. Greene State School Building Lease-Purchase Law of 1976 (Chapter 22 (commencing with Section 17700) of Part 10), and of all acts amendatory thereof and supplementary thereto, to provide aid to school districts, county superintendents of schools, and county boards of education of the state in accordance with Sections 100020, 100025, 100030, and 100035, to provide funds to repay any money advanced or loaned to the State School Building Lease-Purchase Fund under any act of the Legislature, together with interest provided for in that act, and to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code.
State School Building Lease-Purchase Fund school aid Leroy F. Greene Law school districts support county superintendents county boards of education loan repayment bond expense reimbursement educational funding California schools 1976 legislation financial aid for schools school infrastructure funding
Section § 100020
This section outlines that up to $900 million from bond sales can be used for various school-related projects. These projects include buying portable classrooms, updating and modernizing buildings (including tech upgrades), installing air conditioning for schools on a year-round schedule, and creating spaces for increasing student capacity. It also supports funding for districts nearing capacity due to prison expansion, providing relocatable child care facilities, and aiding classrooms for severely handicapped pupils. Included also are roof replacements, increasing school security, handling hazardous materials like asbestos, and making earthquake-resistant improvements.
Of the proceeds from the sale of bonds pursuant to this chapter, not more than nine hundred million dollars ($900,000,000) may be used for one or more of the following purposes:
(a)CA Education Code § 100020(a) The acquisition of portable classrooms for use in accordance with Chapter 25 (commencing with Section 17785) of Part 10.
(b)CA Education Code § 100020(b) The reconstruction or modernization of facilities pursuant to Chapter 22 (commencing with Section 17700) of Part 10. In addition to the current program requirements, the State Allocation Board may allocate funding pursuant to this subdivision for the reconstruction or modernization of any existing structure, including the wiring and cabling in that structure, to enable that structure to accommodate computers and other high technology equipment.
(c)CA Education Code § 100020(c) The purchase and installation of air-conditioning equipment and insulation materials, and related costs, pursuant to Section 42250.1, for schools operated on a year-round multitrack schedule in a manner that increases school capacity and reduces or eliminates the school district’s need for the construction of additional classroom space.
(d)CA Education Code § 100020(d) Project funding for applicant districts under Chapter 22 (commencing with Section 17700) of Part 10 that have incurred or will incur enrollment increases due to the locating or expansion of state or federal prisons.
(e)CA Education Code § 100020(e) The acquisition of relocatable child care and development facilities for the purpose of providing extended day care services pursuant to Article 22 (commencing with Section 8460) of Chapter 2 of Part 6.
(f)CA Education Code § 100020(f) Project funding, without regard to funding priorities, for applicant county boards of education under Chapter 22 (commencing with Section 17700) of Part 10 that are eligible for that funding for classrooms for severely handicapped pupils.
(g)CA Education Code § 100020(g) Project funding for applicant districts under Chapter 22 (commencing with Section 17700) of Part 10 that are eligible for that funding, but that lack funding priority due to the size of pupil enrollment in the district.
(h)CA Education Code § 100020(h) Project funding for high priority roof replacement projects.
(i)CA Education Code § 100020(i) Construction projects or the purchase of furniture or equipment designed to increase school security.
(j)CA Education Code § 100020(j) The identification, assessment, or abatement in school facilities of hazardous asbestos pursuant to either Chapter 22 (commencing with Section 17700) of Part 10 or Section 39619.6 and of lead.
(k)CA Education Code § 100020(k) The reconstruction or modernization of facilities pursuant to Chapter 22 (commencing with Section 17700) of Part 10. Notwithstanding Section 17721.3, the State Allocation Board may allocate funding pursuant to this subdivision for the reconstruction or modernization of an existing structure in an amount that exceeds 25 percent of the replacement cost of that structure in order to finance structural improvements needed to avert future earthquake damage.
bond proceeds portable classrooms facility modernization tech upgrades air-conditioning installation school capacity prison enrollment child care facilities severely handicapped pupils school security roof replacement projects asbestos abatement lead abatement earthquake structural improvements district funding eligibility
Section § 100025
This law states that up to $100 million from the sale of bonds can be allocated to projects that strengthen public school buildings to better withstand earthquakes.
Of the proceeds from the sale of bonds pursuant to this chapter, not more than one hundred million dollars ($100,000,000) may be used for seismic retrofit projects of existing public school facilities.
bond proceeds seismic retrofit public school facilities earthquake safety retrofit funding school infrastructure seismic projects building safety disaster preparedness school upgrades earthquake-proofing budget allocation facility improvements seismic safety structural upgrades
Section § 100030
This law states that up to $40 million from bond sales can be allocated to school district projects, but only if those districts are willing to cover at least 60% of the project costs themselves.
Of the proceeds from the sale of bonds pursuant to this chapter, not more than forty million dollars ($40,000,000) may be used for projects for school districts that agree to contribute 60 percent or more of the cost of those projects.
bond sales school district projects project funding cost-sharing budget allocation infrastructure projects capital improvement bond proceeds education funding school infrastructure project financing district contribution funding requirements financial match local investment
Section § 100035
This law section states that when bonds are sold according to this chapter, up to $25 million of the proceeds can be spent on projects that involve shared use of facilities as outlined in Sections 17750 or 17751.
Of the proceeds from the sale of bonds pursuant to this chapter, not more than twenty-five million dollars ($25,000,000) may be used for projects that include joint use of facilities pursuant to Section 17750 or 17751.
bond proceeds joint use projects facility sharing funding limit Section 17750 Section 17751 education facilities budget allocation shared use facilities capital projects bond sale funds project financing facility improvement educational infrastructure joint facilities funding
