California Statutes

§ 101412. — 101412. (Added by Stats. 2024, Ch. 81, Sec. 28.)

California·Code EDC Education Code - EDC·Div. 14.·Title 3. DIVISION 14. MISCELLANEOUS·Part 72. PART 72. The Kindergarten Through Grade 12 Schools and Local Community College Public Education Facilities Modernization, Repair, and Safety Bond Act of 2024·Ch. 2. CHAPTER 2. Kindergarten through Grade 12·Art. 1. ARTICLE 1. Kindergarten Through Grade 12 School Facilities Program Provisions
(a)The proceeds from the sale of bonds issued and sold for the purposes of this chapter shall be allocated in accordance with the following schedule:
(1)
(A)The amount of three billion three hundred million dollars ($3,300,000,000) for new construction of school facilities of applicant school districts pursuant to Chapter 12.5 (commencing with Section 17070.10) of Part 10 of Division 1 of Title 1. Of the amount allocated under this paragraph, up to 10 percent shall be available to small school districts pursuant to Article 11.5 (commencing with Section 17078.35) of Chapter 12.5 of Part 10 of Division 1 of Title 1.
(B)Of the amount allocated under this paragraph, up to the amount necessary to fund the applications on the Applications Received Beyond Bond Authority List sh

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California § 101412. (101412. (Added by Stats. 2024, Ch. 81, Sec. 28.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 2024, Ch. 81, Sec. 28. (AB 247) Approved in Proposition 2 at the November 5, 2024, election. Effective November 6, 2024.
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