AB 48

Bill Subjects

College Health And Safety Bond Act Of 2026 Education Finance Postsecondary Education Facilities

Abstract

(1) The California Constitution prohibits the Legislature from creating a debt or liability that singly or in the aggregate with any previous debts or liabilities exceeds the sum of $300,000, except by an act that (A) authorizes the debt for a single object or work specified in the act, (B) has been passed by a 2/3 vote of all the Members elected to each house of the Legislature, (C) has been submitted to the people at a statewide general or primary election, and (D) has received a majority of all the votes cast for and against it at that election. This bill would set forth the College Health and Safety Bond Act of 2026 as a state general obligation bond act that would provide $____ to construct and modernize education facilities, as specified. This bond act would become operative only if approved by the voters at the ____, statewide primary election. The bill would also provide for the submission of the bond act to the voters at that election. (2) Existing law authorizes the governing board of a school district to impose, as specified, an alternative fee, charge, dedication, or requirement on developers to fund school facilities, until the date new construction bond proceeds authorized by the Preschool-College Public Education Bond Act of 2016 are expended, or December 31, 2020, whichever is earlier. This bill would remove this authority beginning the earlier of an unspecified date or the date new construction bond proceeds authorized by the 2016 bond act are expended or apportioned, until an unspecified date. The bill would also exempt multifamily housing developments that are located no further than 12 mile from a major transit stop, and reduce by 20% from specified amounts for any other multifamily housing developments, as specified, from any fee, charge, dedication, or other requirement for the construction or reconstruction of school facilities, as provided. (3) This bill, except for the provision making the provisions of the bill severable, would become effective upon the adoption of the College Health and Safety Bond Act of 2026 by the voters at the ____, statewide primary election.