Strategic Growth Plan - Bond Accountability

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DGS: Office of Public School Construction: Proposition 1D (Nov. 2006) Summary

Proposition 1D
Proposition 1D, officially the Kindergarten-University Public Education Facilities Bond Act of 2006, was placed on the November 2006 ballot as a result of Governor Schwarzenegger signing Assembly Bill 127 (Chapter 35, Statutes of 2006) into law on May 20, 2006. Proposition 1D was approved by the voters providing $10.416 billion in general obligation bonds for educational facilities, of which $7.329 billion is earmarked for kindergarten through twelfth grade projects.

Mission Statement
As staff to the State Allocation Board, the Office of Public School Construction facilitates the processing of school applications and makes funding available to qualifying school districts. These actions enable school districts to build safe and adequate school facilities for their children in an expeditious and cost-effective manner.

The following chart summarizes the K-12 facilities funding provided in Proposition 1D as of February 24, 2015:

Program Amount Authorized Amount Committed Balance
  New Construction  $1,900,000,000  $1,748,160,151  $151,839,849
  Modernization  $3,300,000,000  $3,295,351,677  $4,648,323
  Career Technical Education  $500,000,000  $498,960,545  $1,039,455
  High Performance Schools  $100,000,000  $99,503,815  $496,185
  Overcrowding Relief  $1,000,000,000  $994,989,723  $5,010,277
  Charter School  $500,000,000  $470,200,842  $29,799,158
  Joint Use  $29,000,000  $29,000,000  $0
Total:  $7,329,000,000  $7,136,166,753  $192,833,247

Proposition 1D Funding Highlights
Total Amount Authorized  $7,329,000,000  
Total Amount Funded  $7,136,166,753  
Total Remaining Balance    $192,833,247
Statewide Cost  $23,870,885  
Administrative Cost  $82,211,825  
Total Statewide & Administrative Cost    $106,082,710

SFP Status of Funds
For a more thorough breakdown of the current state of the School Facility Program's funding, please refer to the SFP Status of Funds.

Program Accomplishments
The statewide bond funds provided under the School Facility Program represent tremendous accomplishments benefitting the students of California.

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