BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 869
                                                                  Page  1


          (  Without Reference to File  )
           
          SENATE THIRD READING
          SB 869 (Budget and Fiscal Review Committee)
          As Amended  June 12, 2014
           2/3 vote.  Urgency

           SENATE VOTE  :Vote not relevant 

           SUMMARY  :  Provides for statutory changes necessary to enact  
          school facilities-related provisions of the Budget Act of 2014.   
          Specifically,  this bill  :

          1)Prohibits the State Allocation Board from approving funding  
            for two specialized facility programs, the high performance  
            incentive grant and the career technical education programs,  
            beginning January 1, 2015.  After this date, any remaining  
            bond authority from these two programs would be redirected and  
            divided evenly between the new construction and modernization  
            facility programs.  Any funds that revert to these two  
            targeted programs after this date also would be transferred  
            and divided evenly between the two programs.

          2)Requires 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)Declares that it is consistent with, and furthers the purposes  
            of, provisions of the bond act related to elementary and  
            secondary school facilities.

          4)Declares that it is to take effect immediately as an urgency  
            statute.
                
            COMMENTS  :  The Kindergarten-University Public Education Bond Act  
          of 2006 authorized the issuance and sale of general obligation  
          bonds for construction and modernization of elementary and  
          secondary school facilities.  The bond provided $1.9 billion for  
          new construction and $3.3 billion for modernization of school  
          facilities.  Additionally, the bond provided $100 million for  
          incentive grants to promote high performance projects and $500  
          million for facilities for career technical education programs.   
          There is currently no remaining bond authority in the new  








                                                                  SB 869
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          construction and modernization programs.


           Analysis Prepared by  :    Katie Hardeman / BUDGET / (916)  
          319-2099 


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