PART 72. The Kindergarten Through Grade 12 Schools and Local Community College Public Education Facilities Modernization, Repair, and Safety Bond Act of 2024 [101400. - 101460.]
Part 72 added by Stats. 2024, Ch. 81, Sec. 28.
§§ 101400–101460 · 33 sections
CHAPTER 1. General Provisions §§ 101400–101403 · 4 sections
- § 101400 This part shall be known, and may be cited, as the Kindergarten Through Grade 12 Schools and Local Community College Public Education Facilities Modernization,…
- § 101401 The Legislature finds and declares all of the following: (a) A University of California, Berkeley report estimates that 85 percent of the classrooms in…
- § 101402 (a) The incorporation of, or reference to, any provision of state statutory law in this part includes all acts amendatory thereof and supplementary thereto.…
- § 101403 Bonds in the total amount of ten billion dollars ($10,000,000,000), not including the amount of any refunding bonds issued in accordance with Sections 101430…
CHAPTER 2. Kindergarten through Grade 12 §§ 101410–101431 · 15 sections
ARTICLE 1. Kindergarten Through Grade 12 School Facilities Program Provisions §§ 101410–101412 · 3 sections
- § 101410 The proceeds of bonds issued and sold pursuant to this chapter, not including the proceeds of any refunding bonds issued in accordance with Section 101430,…
- § 101411 All moneys deposited in the 2024 State School Facilities Fund for the purposes of this chapter shall be available to provide aid to school districts, county…
- § 101412 (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)…
ARTICLE 2. Kindergarten Through Grade 12 School Facilities Fiscal Provisions §§ 101420–101431 · 12 sections
- § 101420 (a) Of the total amount of bonds authorized to be issued and sold pursuant to Chapter 1 (commencing with Section 101400), bonds in the amount of eight billion…
- § 101421 The State School Building Finance Committee, established by Section 15909 and composed of the Governor, the Controller, the Treasurer, the Director of Finance,…
- § 101422 (a) The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
- § 101423 (a) Upon request of the State Allocation Board, the State School Building Finance Committee shall determine by resolution whether or not it is necessary or…
- § 101424 There shall be collected each year, in the same manner and at the same time as other state revenue is collected and in addition to the ordinary revenues of the…
- § 101425 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
- § 101426 The State Allocation Board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account or any other approved form of…
- § 101427 Notwithstanding any other provision of this chapter, or of the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this chapter that…
- § 101428 For purposes of carrying out this chapter, the Director of Finance may authorize the withdrawal from the General Fund of an amount not to exceed the amount of…
- § 101429 All moneys deposited in the 2024 State School Facilities Fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter shall…
- § 101430 The bonds issued and sold pursuant to this chapter may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of…
- § 101431 The proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIIIB of the California…
CHAPTER 3. California Community College Facilities §§ 101440–101452 · 13 sections
ARTICLE 1. General Provisions § 101440 · 1 section
- § 101440 (a) The 2024 California Community College Capital Outlay Bond Fund is hereby established in the State Treasury for deposit of funds from the proceeds of bonds,…
ARTICLE 2. California Community College Program Provisions § 101441 · 1 section
- § 101441 (a) From the proceeds of bonds issued and sold pursuant to Article 3 (commencing with Section 101442), the sum of one billion five hundred million dollars…
ARTICLE 3. California Community College Fiscal Provisions §§ 101442–101452 · 11 sections
- § 101442 (a) Of the total amount of bonds authorized to be issued and sold pursuant to Chapter 1 (commencing with Section 101400), bonds in the total amount of one…
- § 101443 (a) The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
- § 101444 The Higher Education Facilities Finance Committee established pursuant to Section 67353 shall authorize the issuance of bonds under this chapter only to the…
- § 101445 There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the…
- § 101446 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
- § 101447 The board, as defined in subdivision (b) of Section 101443, may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment…
- § 101448 Notwithstanding any other provision of this chapter, or of the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this chapter that…
- § 101449 (a) For purposes of carrying out this chapter, the Director of Finance may authorize the withdrawal from the General Fund of an amount not to exceed the amount…
- § 101450 All moneys deposited in the 2024 California Community College Capital Outlay Bond Fund that are derived from premium and accrued interest on bonds sold…
- § 101451 The bonds issued and sold pursuant to this chapter may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of…
- § 101452 The proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIIIB of the California…
CHAPTER 4. Transparency and Accountability Provisions § 101460 · 1 section
- § 101460 (a) (1) The governing board of a school district, the governing board of a community college district, a county superintendent of schools, or the governing…