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 November 25, 2014:

Program Amount Authorized Amount Committed Balance
  New Construction  $6,250,000,000  $6,249,595,439  $404,561
  Modernization  $3,300,000,000  $3,299,753,849  $246,151
  Critically Overcrowded Schools  $1,700,000,000  $1,700,000,000  $0
  Charter School  $100,000,000  $94,579,965  $5,420,035
  Joint Use  $50,000,000  $50,000,000  $0
Total:  $11,400,000,000  $11,393,929,253  $6,070,747

Proposition 47 Funding Highlights
Total Amount Authorized  $11,400,000,000  
Total Amount Funded  $11,393,929,253  
Total Remaining Balance    $6,070,747
Statewide Cost  $3,490,767  
Administrative Cost  $39,006,539  
Total Statewide & Administrative Cost    $42,497,306

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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