BILL ANALYSIS                                                                                                                                                                                                    �






                  SENATE COMMITTEE ON BUDGET AND FISCAL REVIEW
                                Mark Leno, Chair
                                        
          Bill No:       AB 1473
          Author:        Committee on Budget
          As Amended:    June 12, 2014
          Consultant:    Jennifer Troia, Mark Ibele
          Fiscal:        Yes
          Hearing Date:  June 15, 2014
          
          Subject:  Budget Act of 2014: Education Facilities Trailer  
          Bill

          Summary:  Provides statutory changes necessary to enact  
          education facilities-related provisions of the Budget Act  
          of 2014.

          Background and Proposed Changes:  As part of the 2014-15  
          budget, AB 1473 makes statutory changes necessary to  
          implement the Budget Act.  Specifically, this bill would:
            
          1)Prohibit the State Allocation Board from approving  
            funding for specified incentive grants or allocations for  
            projects, pursuant to the Career Technical Education  
            Facilities Program after January 1, 2015, and provide for  
            reallocation of the amounts not yet approved by the board  
            for other purposes, including new construction and  
            modernization of school facilities, and seismic repair,  
            reconstruction, or replacement, as specified; 

          2)Require the Office of Public School Construction to  
            report to the State Allocation Board and Legislature, by  
            March 1, 2015, on efforts to streamline and speed up the  
            award of seismic mitigation funds;

          3)Declare that it is consistent with, and furthers the  
            purposes of, provisions of the bond act related to  
            elementary and secondary school facilities; and

          4)Declare that it is to take effect immediately as an  
            urgency statute.

          Fiscal Effect:  This bill should not result in changes to  
          the Budget Act or related budget actions.  Funds  
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          appropriated in this bill would be applied toward the  
          minimum funding requirements for school and community  
          college districts imposed by Section 8 of Article XVI of  
          the California Constitution (Proposition 98).

          Support:   Unknown

          Opposed:  Unknown



































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