February 27, 2015
The minutes from November 25, 2014 were approved unanimously.
Executive Officer Statement
Lisa Silverman provided updates on the following:
– Status of Fund Releases for Priority Funding Apportionments – The August 2014 priority funding apportionments provided $100.2 million for 34 projects and 21 school districts. Two projects totaling $16.1 million did not submit a valid Fund Release Authorization (Form SAB 50-05) by November 18, 2014, and were returned to the Unfunded List (Lack of AB 55 Loans) with a new unfunded approval date of November 18, 2014.