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Prop 51

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Prop 51

  • Authorizes $9 billion in general obligation bonds: $3 billion for new construction and $3 billion for modernization of K-12 public school facilities; $1 billion for charter schools and vocational education facilities; and $2 billion for California Community Colleges facilities.
  • Bars amendment to existing authority to levy developer fees to fund school facilities, until new construction bond proceeds are spent or December 31, 2020, whichever is earlier.
  • Bars amendment to existing State Allocation Board process for allocating school construction funding, as to these bonds.
  • Appropriates money from the General Fund to pay off bonds.

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  • Sam Felsing
    published this page in Home (2016) 2016-09-08 09:40:40 -0700