Tag Archives: Emergency Repair Program

State Allocation Board Meeting Notes – January 2017

January 25, 2017

Minutes

The minutes from the December 5, 2016, meeting were approved unanimously.

Executive Officer Statement

Lisa Silverman provided updates on the following:

  • Charter Round Opening: A new Charter School Facilities Program (CSFP) round will open and applications will be accepted from February 6, 2017, through June 5, 2017. $500 million is now available with the passage of Proposition 51. Office of Public School Construction (OPSC) staff will be providing a webinar and workshops on the CSFP application process.
  • August 2016 Priority Funding Apportionments: On August 17, 2016, $78.7 million was approved for 20 projects from 14 school districts. 19 projects were required to submit Form SAB 50-05 by November 15, 2016; two projects worth $932,070.50 did not.  They were returned to the Unfunded List (Lack of AB 55 Loans) and given a new Unfunded Approval date of November 15, 2016.

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State Allocation Board Meeting Notes – August 26, 2015

August 27, 2015

Minutes

The minutes from the June 30, 2015, meeting were approved unanimously.

Executive Officer Statement

  • Lisa Silverman provided updates on the following:Close of 2014 Charter School Facilities Program (CSFP) Funding Round – In November 2014, the State Allocation Board (Board) provided unfunded approvals for Preliminary Charter School Apportionments in the 2014 funding round, which was open until July 24, 2015.  Nine schools with 13 projects worth $157.0 million have been approved, and $0.5 million in bond authority remains for the 2014 round.  Once this is apportioned at a future meeting, the remaining applications will be returned to applicants.
  • Status of Fund Releases for Priority Funding Apportionments – On April 15, 2015, the Board approved $113.6 million in priority funding apportionments for 41 projects representing 22 school districts.  Districts that received an apportionment were required to submit a valid Fund Release Authorization (Form SAB 50-05) containing an original signature by Tuesday, July 14, 2015, to Office of Public School Construction (OPSC).  OPSC received 27 fund release requests totaling $96.7 million.  Twelve Career Technical Education Facilities Program Projects were approved as a reservation of funds.
  • Regulation Update – OPSC anticipates that regulations adopted by the Board in October 2014 will be in effect on October 1, 2015.  These regulations align the Charter School Preliminary Apportionment general site development grant with the one provided in the New Construction program.
  • Upcoming Bond Sale – There will be a General Obligation Bond sale on August 26, 2016.  Staff anticipates receiving bond proceeds for the School Facility Program from this sale.

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State Allocation Board Meeting Notes – June 30, 2015

July 6, 2015

Minutes
The minutes from the May 27, 2015, meeting were approved unanimously.

Executive Officer Statement

Lisa Silverman provided updates on the following:

  • Current Priority Funding Filing Round – The current filing period opened on May 13, 2015, and closed June 11, 2015.  Requests will be valid from July 1, 2015, through December 31, 2015.  Twelve projects totaling $11.2 million received a second occurrence for non-participation in this round had have been rescinded without further State Allocation Board action.

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State Allocation Board Meeting Notes – May 27, 2015

June 1, 2015

Minutes
The minutes from the April 15, 2015 meeting were approved unanimously.

Executive Officer Statement
Lisa Silverman provided updates on the following:
‐ Current Priority Funding Filing Round – The current filing period opened on May 13, 2015 and will close June 11, 2015. Requests will be valid from July 1, 2015 through December 31, 2015. Continue reading

C.A.S.H. June Facility Planners Update

06/01/15

The May Revision and State Budget Activities
The Governor released his May Revision budget update on Thursday, May 14, 2015, and the
Legislature is currently reviewing, reconciling, and finalizing budget actions in order to
meet the constitutional deadline to pass a budget by June 15. The Governor estimates an
additional $6.7 billion in revenues above the January proposal across three fiscal years
(2013-14, 2014-15, and 2015-16), $5.5 billion of which are proposed to go to K-12 and
community colleges under Proposition 98. The Legislative Analyst’s Office (LAO)
estimates revenues approximately $3 billion above the Governor, who is known for making
very conservative estimates in order to maintain a fiscally prudent approach and minimize
new spending. Continue reading

Governor Releases May Revision Budget, Is Silent on the Future of State Facilities Funding

05/14/15

Today the Governor released the May Revision budget update.  His budget estimates an additional $6.7 billion in revenues above the January proposal, $5.5 billion of which will go to K-12 and community colleges under Proposition 98.  This increases the Proposition 98 minimum guarantee by $241 million in 2013-14, $3.1 billion in 2014-15, and $2.7 billion in 2015-16, for revised minimum guarantee levels of $58.9 billion, $66.3 billion, and $68.4 billion respectively.  The Proposition 98 maintenance factor is reduced to $722 million.  Continue reading