Strategic Growth Plan - Bond Accountability

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DGS: Office of Public School Construction: Proposition 47 (Nov. 2002) Summary

Proposition 47
Proposition 47, the Kindergarten-University Public Education Facilities Bond Act of 2002 was approved by the voters in November 2002. This proposition provided $11.4 billion in general obligation bonds for K-12 facilities through the School Facility Program, as well as funding for new programs; charter school facilities, critically overcrowded schools, joint-use projects and small high schools.

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 47 as of March 26, 2014:

Program Amount Authorized Amount Committed Balance
  New Construction  $6,250,000,000  $6,246,338,176  $3,661,824
  Modernization  $3,300,000,000  $3,296,998,292  $3,001,708
  Critically Overcrowded Schools  $1,700,000,000  $1,699,941,356  $58,644
  Charter School  $100,000,000  $94,300,310  $5,699,690
  Joint Use  $50,000,000  $50,000,000  $0
Total:  $11,400,000,000  $11,387,578,134  $12,421,866

Proposition 47 Funding Highlights
Total Amount Authorized  $11,400,000,000  
Total Amount Funded  $11,387,578,134  
Total Remaining Balance    $12,421,866
Statewide Cost  $3,972,324  
Administrative Cost  $38,892,734  
Total Statewide & Administrative Cost    $42,865,058

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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