BILL NUMBER: AB 1859	CHAPTERED
	BILL TEXT

	CHAPTER  80
	FILED WITH SECRETARY OF STATE  JULY 10, 2012
	APPROVED BY GOVERNOR  JULY 10, 2012
	PASSED THE SENATE  JUNE 25, 2012
	PASSED THE ASSEMBLY  MAY 17, 2012
	AMENDED IN ASSEMBLY  APRIL 30, 2012
	AMENDED IN ASSEMBLY  MARCH 29, 2012

INTRODUCED BY   Assembly Member Buchanan

                        FEBRUARY 22, 2012

   An act to add Section 12001.7 to the Education Code, relating to
school facilities.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1859, Buchanan. School facilities: charter schools.
   Existing law assigns to the California School Finance Authority a
specified amount of the state's 2010 federal tax credit bond volume
cap for qualified school construction bonds, to be issued for the
benefit of charter schools, or to be further assigned and distributed
to one or more issuers in the state for the benefit of charter
schools, as the California School Finance Authority determines.
Existing law authorizes a charter school to apply for the federal
qualified school construction bond volume cap if specified criteria
are met.
   This bill would require a charter school, if it applies for the
federal qualified school construction bond volume cap, or any other
federal bond borrowing authority, to notify, in writing and at least
30 days before submitting the application, the district
superintendent of schools and the governing board of the school
district in which the charter school is physically located of its
intent to rehabilitate, encumber, or otherwise alter school district
property.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 12001.7 is added to the Education Code, to
read:
   12001.7.  Notwithstanding any other law, if a charter school
applies for the federal qualified school construction bond volume
cap, or any other federal bond borrowing authority, the charter
school shall notify, in writing and at least 30 days before
submitting the application, the district superintendent of schools
and the governing board of the school district in which the charter
school is physically located of its intent to rehabilitate, encumber,
or otherwise alter school district property.