Kevin McCarty
- Democratic
- Assemblymember
- District 6
Author
Existing law establishes the California Community Colleges, under the administration of the Board of Governors of the California Community Colleges, the University of California, under the administration of the Regents of the University of California, and the California State University, under the administration of the Trustees of the California State University, as the 3 segments of public postsecondary education in this state. Existing law establishes the California School Finance Authority, and authorizes the authority to issue revenue bonds to finance projects for a single or several participating parties, defined to include a community college district that undertakes the financing or refinancing of a project. Existing law, the California Educational Facilities Authority Act, authorizes the California Educational Facilities Authority, among other things, to develop student housing on or near public institutions of higher education through the use of agreements with participating nonprofit entities. This bill would establish the California Student Housing Revolving Loan Fund Act of 2022 to provide zero-interest loans to qualifying applicants of the University of California, the California State University, and the California Community Colleges for the purpose of constructing affordable student housing and affordable faculty and staff housing, as specified. The bill would establish the California Student Housing Revolving Fund as a continuously appropriated fund in the State Treasury, thereby making an appropriation. The bill would state the intent of the Legislature to appropriate $5,000,000,000 for purposes of the housing loans. The bill would require the California School Finance Authority and the California Educational Facilities Authority to submit a report, by March 15, 2024, to the Department of Finance and the budget committees of the Assembly and Senate containing information on the act, as provided. The bill would apply certain provisions of the California Educational Facilities Authority Act to the University of California and the California State University for purposes of housing projects, as defined. This bill would declare that it is to take effect immediately as an urgency statute.
In committee: Held under submission.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (June 29). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on L., P.E. & R.
From committee: Do pass and re-refer to Com. on L., P.E. & R. (Ayes 5. Noes 0.) (June 15). Re-referred to Com. on L., P.E. & R.
6-16-2022 hearing rescheduled by committee to 6-15-2022
Action rescinded whereby the bill was referred to Com. on GOV. & F.
Referred to Coms. on ED., L., P.E. & R. and GOV. & F.
In Senate. Read first time. To Com. on RLS. for assignment.
Assembly Rule 69(d) suspended.
Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 67. Noes 0.).
Read third time and amended. Ordered to third reading. (Page 4908.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 12. Noes 0.) (May 19).
In committee: Set, first hearing. Referred to suspense file.
Coauthors revised.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (March 15). Re-referred to Com. on APPR.
From printer. May be heard in committee February 3.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1602 | HTML |
| 01/03/22 - Introduced | |
| 05/19/22 - Amended Assembly | |
| 05/25/22 - Amended Assembly | |
| 06/22/22 - Amended Senate |
| Document | Format |
|---|---|
| 03/14/22- Assembly Higher Education | |
| 03/28/22- Assembly Appropriations | |
| 05/24/22- ASSEMBLY FLOOR ANALYSIS | |
| 05/25/22- ASSEMBLY FLOOR ANALYSIS | |
| 06/13/22- Senate Education | |
| 06/27/22- Senate Committee on Labor, Public Employment and Retirement | |
| 07/29/22- Senate Appropriations |
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