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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 May 22, 2013:

Program	Amount Authorized	Amount Committed	Balance
New Construction	$6,250,000,000	$6,248,016,746	$1,983,254
Modernization	$3,300,000,000	$3,300,000,000	$0
Critically Overcrowded Schools	$1,700,000,000	$1,700,000,000	$0
Charter School	$100,000,000	$86,705,332	$13,294,668
Joint Use	$50,000,000	$50,000,000	$0
Total:	$11,400,000,000	$11,384,722,078	$15,277,922

Proposition 47 Funding Highlights
Total Amount Authorized	$11,400,000,000
Total Amount Funded	$11,384,722,078
Total Remaining Balance		$15,277,922
Statewide Cost	$4,181,020
Administrative Cost	$38,821,060
Total Statewide & Administrative Cost		$43,002,080

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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