summary
Introduced
In Committee
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
08/03/2011
08/03/2011
Introduced Session
2011-2012 Regular Session
Bill Summary
AB 677, Skinner. Education finance: Oakland Unified School District: sale of surplus property. (1) Existing law appropriates $100,000,000 from the General Fund to the Superintendent of Public Instruction for apportionment to the Oakland Unified School District as an emergency loan. Existing law authorized the Oakland Unified School District, from June 1, 2003, to June 30, 2007, inclusive, to sell property owned by the district and to use the proceeds from the sale to reduce or retire that emergency loan. Existing law also prohibited the Oakland Unified School District from being eligible for financial hardship assistance under the Leroy F. Greene School Facilities Act of 1998 during that period of June 1, 2003, to June 30, 2007. This bill would provide instead that the provisions authorizing the Oakland Unified School District to sell property and prohibiting eligibility for financial hardship assistance would operate from January 1, 2012, to June 30, 2016, inclusive. (2) This bill would make legislative findings and declarations as to the necessity of a special statute for the Oakland Unified School District.
AI Summary
This bill adjusts the timeframe during which the Oakland Unified School District (OUSD) can sell surplus property to pay off an emergency loan and, in turn, prohibits OUSD from receiving financial hardship assistance under the Leroy F. Greene School Facilities Act of 1998. Specifically, the bill changes the period for these provisions from the original June 1, 2003, to June 30, 2007, to a new period of January 1, 2012, to June 30, 2016, inclusive, acknowledging the unique fiscal challenges faced by OUSD.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
Chaptered by Secretary of State - Chapter 164, Statutes of 2011. (on 08/03/2011)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...